xmplary

Once the Job Market Comes Back, The Housing Market Will Cure Itself

I've been saying this for a while... its no brainier that when people have no jobs, they dont have the spending power. Low interest rates definitely help, but when there is so much uncertainty, every one is cautious about spending. Just dropping down the interest rate and not dropping the price wont have much of an effect... they have to be in sync. If I get 0% interest for something that is selling at 2x its perceived value, I'm not gong to buy. If its selling below value, but the interest rate is say 20% I'm not going to buy either, at least not fiance it.

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