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Old 08-19-2009, 03:15 PM
bullish bullish is offline
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Join Date: Jul 2008
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Quote:
Originally Posted by trent View Post
It looks like many fools are borrowing cheap money, hoping that the current super-low interest rates will last forever and will help inflate their over-leveraged property purchases even further. The rates will increase very soon, with all this crazy government borrowing, and even if they manage to suppress them for another year the real estate will be in the tank well before that (if you don't believe me look at the Japan's leading experience with artificially low interest rates).
The rates will be low for years, and if you are hoping that with such low rates real estate will stop surging you are plainly naive.
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