everskim, I would agree, a dead cat bounce, but a fat cat bounces pretty well, so expect a nice bounce. Climbing markets correct, declining markets bounce, but in the end, the horrible news coming out of China will limit the bounce.
323onp Regarding: One would think houses would be snapped up with these super low interest rates! : True, but interest rates have a habit of climbing after a down period and as one poster recently mentioned, it takes 11 years before a mortgage holder starts to build any real equity in a property. A few years of low interest is great, but if those years are followed by high interest rates !! I once owned a property, was paying 13% interest, at the time I could afford it - but it's always something to keep in mind in times of high inflation which pundits say is approaching, due to world wide QE of one form or another.
- Forums
- Property
- dead cat bounce... without doubt.
dead cat bounce... without doubt., page-15
-
- There are more pages in this discussion • 78 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online