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Is it a good time to buy property? People keep on saying we are in a bubble, so I was expecting a correction this year but now with this new information I’m thinking to pull the trigger now or just wait for the crash but who knows when and how big it would even be.
I have been hearing that we are in a real estate bubble since 1973.
Guess that means pay up. Rents are just a little too stagnant right now, I would be buying an investment property and the current rent prices just don’t justify what sellers want. Something has to happen either one way or the other
Janet pulled another Yellin. Before the meeting, the market dropped a couple percent to scare her and she reacted predictably...to make believe we are still in a deep recession. The scare technique has worked every 3 months on this dimwitted t**t.
In most of the country, the bubble popped in '08. The outer boroughs were hit,. Manhattan, not so much.
I'm thinking the rate of rise in NYC will flatten out. Demand is still pretty strong. But, unlike earlier booms, supply is pretty strong also, in the middle to upper ends of the market.
Quote:
Originally Posted by bluedog2
I have been hearing that we are in a real estate bubble since 1973.
I have been hearing that we are in a real estate bubble since 1973.
ANd if it is true, imagine the sound of the BURST when it finally comes.
Yes I know that NY housing took a severe blow in the 70's, early 90's and early 00's.
We ARE in a housing bubble that bursts regularly...that's how we get Mitchell Lama housing.
Any guesses on which developer is the most overextended (I am looking to buy PUT options.)
rates don't go up in a vacuum. they go up because the economy is doing well , people are spending and we are growing .
the feds action on the short end is actually good for bonds and mortgage rates as rising short term rates can have investors fear of inflation diminish and that is good for bonds which tend to go lower in rates not higher . what is good for bonds is good for mortgage rates .
in the last 50 years , only once when the fed raised short term interest rates more than 1% in a year did bond rates not go the other way and drop , that was 1994
Is it a good time to buy property? People keep on saying we are in a bubble, so I was expecting a correction this year but now with this new information I’m thinking to pull the trigger now or just wait for the crash but who knows when and how big it would even be.
Fed Interest rates and price of fixed mortgage rates are not directly related. Anyone that works in the lending business knows that. Fed interest rate affects short term borrowing such as APR and business line of credit rates.
Still at ridiculous low rates hovering just around 4.13% for 30 year fixed.
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