No......SteveIn fact the opposite I sold off some property back...

No......Steve

In fact the opposite

I sold off some property back in 2005
(best prices when rates are low not high)

and I have started to buy again since the start of 2007....
higher the rates go the more I will buy.

unfortunately rates will come down in 2009 if not sooner.

When rates come down (which they will) I'll start to offload some again at higher prices.

very simple equation.

And I don't buy and sell this way because I think about interest rates.....its because everyone else does.

Lower rates.....less houses for sale.....higher prices
Higher rates.....more for sale......lower prices

Its funny......everyone looks at interest rates before making decisions to buy or not.

Especially first home buyers .....and they listen to the media......but smart investors dont.....higher rates.....more we can claim.....higher the rents we can set......more renters need to find a place to rent.


Interest rates are merely there to give you borrowed money at a certain price......its what u do with the cash that matters.

Anyway I'll be still here in 2010 but probably with just a few more properties......and more equity.