Quote:
Originally Posted by Normal
I think we can all agree a quarter point won’t really matter for the housing market here. We have record insurance rates and Sumter County taxes are in the upper most quartile for Florida (doesn’t even including city taxes). I’m willing to bet (and have) that the stock market will give much better returns than an investment in real estate.
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Can’t agree on that premise. Florida is not the whole nation, real estate is a tangible, (how many here still have the worthless stock certificates their parents were left holding after the Great Depression). If the stock market is giving such great returns, it doesn’t need help from lowering already too low interest rates. Rather than lowering, interest rates, rates should climb that quarter point.