The housing sector is pretty cyclical. We bought a house on a bailout many years ago...a Grant from the government of about $3,000 on a $45,000 NEW house. The interest rate was 8% at the time. Afew years later...they were about 17%.
2 posted on 09/04/2007 8:29:51 AM PDT by Sacajaweau
("The Cracker" will be renamed "The Crapper")