malach hamovess

Has Cutting Interest Rates Saved Anyone?

Not all of us are trust fund babies; some have an entrepreneurial spirit and are, at the same time, risk-takers. Lowered interest rates mean that our investments in REITs will mostly survive the downturn, as higher cap rates will be offset by lower rates on commercial r/e loans.

A mortgage has a better chance at being refinanced if the decline in value of the property can be partially offset by lower rates.

And trust-fund babies should still work; it's good to get out of the house and meet people at work. Remember Jennifer Anniston in "the Good Girl". She worked at a Walmart "smell-alike" and met the guy who knocked her up there.