Sunday, February 12, 2006

Interest Rates are Only Half the Story

From the

"What if an interest increase is harnessed to a generation-long downsizing of baby boomers?"


"Unfortunately, most of the coverage about where the real estate market stands, and which way it will fall, has centered on interest rates as the sole cause of the long, national dream of incredibly rising home values. But telling the story only through the eyes of interest rates is only a half measure.

The interest rate explanation dovetails nicely with Alan Greenspan victory-lap coverage. Plus, no 40- or 50-something reporter wants to ponder his own future in an assisted living facility. But there is another big issue at play."

Full article...


Post a Comment

<< Home