Date registered: Sep 2004
Vehicle: 83 Astral Silver 280 SL
Location: Planet Houston
Mentioned: 0 Post(s)
Quoted: 8 Post(s)
RE: Real Estate Bubble?
Housing prices are really like a ballon filled with water. When interest rates are down, the owner can ask more for the house, and the ballon filled with all the money is pushed in his direction. When interest rates goes up, the price of the house itself must come down, pushing the value bubble to the bankers. But there is a hidden villian waiting to poke the balloon a good one - falling incomes in the US.
Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.
-President Barack Obama, 1st Inaugural address