Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: riverdawg


“... when government lowers interest rates ... real estate brokers take advantage by increasing the cost of the home.”

If this is your level of understanding of housing markets, I’m glad you never tried to put your RE license to practice.

I was always told that the market is very complex, but I was able to make a little chart that predicted the price increase of a house based only on the change in available interest rate. The agent said it was not that simple.
Then again the used car salesmen also alluded to some myterious clockwork as well.....


102 posted on 07/09/2007 11:29:19 AM PDT by Unassuaged (I have shocking data relevant to the conversation!)
[ Post Reply | Private Reply | To 98 | View Replies ]


To: Unassuaged
Well, my point was not that there is no relationship between interest rates and asset (including house-price)values. I was taking issue with the implication that, somehow, real estate brokers/agents were at fault in this by “increasing the cost of the home.”
105 posted on 07/09/2007 11:58:00 AM PDT by riverdawg
[ Post Reply | Private Reply | To 102 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson