the next real estate bubble is starting....you brahs in?
Fed has cut rates to 3%. Basically the payment you would of had on a 250k house 3 years a go gets you a 350k house today. 90% of buyers look at payment not actual home price when buying a home. Fed is going to keep rates low for years to come to try and get the RE market cranking again. Builders will start building, HUGE amounts of jobs will be created etc. The gov knows that a healthy/rising real estate market is one of the best creators or jobs.
Last edited by FadeToblack; 01-20-2013 at 08:33 PM.