2727, RE: Buying a new car.... Posted by ez, Dec-31-69 06:00 PM
Originally posted by Blizare Oh yea, Buy a used one and then actually buy something that will make you money. Like a House.
No, do NOT buy a house in 2006. NO - READ this again. We have seen the top of the housing bubble, it will be decline from here. Now that Greenspan has left the command to Ben at the Fed, I don't know what will exactly happen with interest rates. But I do know that speculative buying and low int rates have led to a majorly overinflated housing market. On top of that, 1 trillion $ (YES TRILLION) dollars of adjustable mortgages will change over to the next higher int rate in 2007. Look out below!
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