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Posted by dkarnes on July 4, 2006, 10:50 am
JerryD(upstateNY) wrote:
>>>>I heard an "expert" on TV the other day suggest we sell our houses, rent
>>>>and then in a few years buy our houses back for 1/2 the price we sold
>>>>them for.<<<
>
>
> I have heard experts" say "this housing boom is going to burst any day
> now".......for over 5 years.
> I know of a couple who did sell their house so they could buy a bigger house
> for less money when the bubble burst.
> They have been living with her parents for over a year.
> Because the interest rates have gone up, they can't even afford to buy their
> old house back if they wanted to.
> It's just Doom and Gloom from the left.
> Doom and Gloom is all they know.
i remember i got a great interest rate in 1980. it was 12%. this last
round of interest rates go back to the early 1960's. this is a good
economy right now at 4.6 unemployment. during the early 80's 6 %
unemployment was full employment. relax economies run in cycles.
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