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Nationally, Stocks continue downward.. China is struggling… Commodity exporting countries are in trouble… industrial production is projected to be weak in September as it was in August... Oil and car industry are weak... productivity is stagnant... And labor's wages are not rising.
This doesn't sound weak to me:
"September U.S. auto sales jumped as the addition of Labor Day weekend deals sweetened results for the Big Three auto makers, who all turned in double-digit percentage increases.
U.S. consumers splurged in September, propelling car sales to a blistering pace as the industry heads into the final three months of the year."
How high can home prices go? Do you think they are topping out? I hate to buy at the peak. I wonder how much the zero rate fed policy has been driving new home construction for the past several years? I think the fed has been keeping rates low to keep the housing market going for years because they know the housing market drives voter behavior in their favor and the economy in general. But... low rates should end at some point. I wonder what is going to happen when rates finally go up? Will there be a housing bubble? Who knows, we may be at a 4 percent mortgage till infinity and beyond...
Location: River's Edge Inn, Todd NC, and Lorgues France
1,738 posts, read 2,584,588 times
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[quote=Nola32;42022289]How high can home prices go? Do you think they are topping out? I hate to buy at the peak. I wonder how much the zero rate fed policy has been driving new home construction for the past several years? I think the fed has been keeping rates low to keep the housing market going for years because they know the housing market drives voter behavior in their favor and the economy in general. But... low rates should end at some point. I wonder what is going to happen when rates finally go up? Will there be a housing bubble? Who knows, we may be at a 4 percent mortgage till infinity and beyond...[/quote]
I Never say never, but that is just not going to happen.
How high can home prices go? Do you think they are topping out? I hate to buy at the peak. I wonder how much the zero rate fed policy has been driving new home construction for the past several years? I think the fed has been keeping rates low to keep the housing market going for years because they know the housing market drives voter behavior in their favor and the economy in general. But... low rates should end at some point. I wonder what is going to happen when rates finally go up? Will there be a housing bubble? Who knows, we may be at a 4 percent mortgage till infinity and beyond...
Real estate is like the stock market it's hard to time and you get in for the long haul. If you stay a renter you are guarentee to throw money out the window that you don't own. I just bought and think that the market has nowhere to go but up. But if I'm wrong I'm good with that as eventually it will go up.
How high can home prices go? Do you think they are topping out? I hate to buy at the peak. I wonder how much the zero rate fed policy has been driving new home construction for the past several years? I think the fed has been keeping rates low to keep the housing market going for years because they know the housing market drives voter behavior in their favor and the economy in general. But... low rates should end at some point. I wonder what is going to happen when rates finally go up? Will there be a housing bubble? Who knows, we may be at a 4 percent mortgage till infinity and beyond...
Are you an investor, or just talking about your personal residence?
We purchased in 2015. Like mD, we purchased our place as a mountain getaway, not as a pure investment asset. Never know for sure about the financial performance until you sell - which I don't think we'll be doing for quite awhile.
Speaking of which...can hardly wait to get back!
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Good for you AAB!
