Quote:
Originally Posted by CoachKandSportsguy
Not sure, but I played golf with a local mortgage broker on Saturday, and in the very old, highly developed suburbs of New England, housing inventory is so low due to 3% refinancing and working from home, that prices are still increasing, even at these rates. .
However, this is not the entire market nor the entire country, just largely east coastal and old, well developed sections. .
higher rates will come from the treasury re-funding of an additional $1T for trillion of treasury bills and notes sales over the next three months or so. . this is already planned and announced, as well as china selling some holdings in order to prop up their currency in the FX market, which is waste of money.
maoist communism and consumer / free markets can't coexist together in harmony because of the basic inherent conflicts between the two philosophies. . .
good luck. .
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Well, it seems best to do it in a strong housing market.
And you can thank General George Marshall for single handedly ensuring that Mao Zedong would defeat the Nationalists and rule China until he died. All because he hated Chiang Kai-shek.