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Old 03-11-2013, 12:00 AM
 
Location: Santaluz - San Diego, CA
4,498 posts, read 9,383,345 times
Reputation: 2015

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Personally I think the FHA and VA loan down payments are still too lax even in today's tougher environment but they don't really stand a chance compared to all the cash buyers out there.

It's clear that the Fed will keep interest rates artificially low for a few more years. The people this HURTS the most are retirees and savers out there that are getting punished with low interest rates. I'm VERY anxious for interest rates to drastically go up.
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Old 03-12-2013, 10:12 PM
 
22,661 posts, read 24,594,911 times
Reputation: 20339
Quote:
Originally Posted by JohnAlt View Post
The demand is artificial when you consider current interest rates. Low inventory contributes because many are still underwater and can't sell.

It's a great time to be a seller or refinancer. For the buyers it's a zero sum game at best.


Very low interest rates....propping up all of the markets will be here for a very, very long time. So artificial or not.....does not seem to matter, the Fed wants to stoke demand.
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Old 03-12-2013, 10:46 PM
 
Location: Santaluz - San Diego, CA
4,498 posts, read 9,383,345 times
Reputation: 2015
Quote:
Originally Posted by tickyul View Post
Very low interest rates....propping up all of the markets will be here for a very, very long time. So artificial or not.....does not seem to matter, the Fed wants to stoke demand.
Exactly. No sense fighting the tape. The Feds ability to keep printing money out if thin air will continue. Having the world's reserve currency has its privileges!
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Old 03-13-2013, 09:10 PM
 
Location: The Valley of the Sun
1,479 posts, read 2,719,543 times
Reputation: 1534
Quote:
Originally Posted by mongozx View Post
Instead of whining all day long about it can't you just leave? Leave quickly please. What you describe is pretty much anywhere else, USA but with less than desirable location and 2X OR maybe 3X the price.
Wrong!!! Not even close. You can buy a giagantic home in Kansas City right now for about $250,000. You get twice the square footage and a better neighborhood for roughly the same price.
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Old 03-14-2013, 01:21 AM
 
Location: Santaluz - San Diego, CA
4,498 posts, read 9,383,345 times
Reputation: 2015
Quote:
Originally Posted by Scottay View Post
Wrong!!! Not even close. You can buy a giagantic home in Kansas City right now for about $250,000. You get twice the square footage and a better neighborhood for roughly the same price.

I'll have to agree. There are a lot of places around the USA where you can buy quite an amazing house for under $300,000. In fact, some places like the Dallas area that will buy a VERY nice house in a great school district. Plus the job market and salaries are decent there.
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