"This is the mindset of RE agents, or what I like to call: "car salesmen" who have no understanding of stats, economics or finance."
another broad brush generalization and overused cliche.
any original thinking on these threads would be appreciated, its going from bad to worse lately.
heres a simple question
In relation to interest rates will push property over the edge.
how many more .025% rate increases before we see the apparent carnage? (I've heard many times from the bears that just one will do it)
given the oft quoted "average" mortgage of $300k moves interest $14.40 per week north per increase
how many $14.40 per week sacrifices will the "average" homeowner make, before they hand over to the bank and our foreclosure rates start heading over 1%
