And they always will...
Saturday, September 26, 2009
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Bubble Meter is a national housing bubble blog dedicated to tracking the continuing decline of the housing bubble throughout the USA. It is a long and slow decline. Housing prices were simply unsustainable. National housing bubble coverage. Please join in the discussion.
Ah, that's an old '80's loan product, called a "Buydown Loan"
ReplyDeleteI should know, I had one in the mid-80's - that was how they got first timers into houses when the rates were 15%
Lets just hope the home prices go back to 80s prices and the savings and bonds interest rates go back to 80s interest.
ReplyDeleteIf home prices were to go back to 1980's levels, salaries wouldn't be far behind...
ReplyDelete"If home prices were to go back to 1980's levels, salaries wouldn't be far behind..."
ReplyDeleteThey aren't. I make 30K less than I did 10 years ago!