--- In [email protected], akasha_108 <[EMAIL PROTECTED]> wrote: > > off_world_beings <[EMAIL PROTECTED]> wrote: > > > > We appear to be talking two different things. I am referring to > the disparity of rent and mortgage payments for the SAME property, the > > > same exact house. > > > > On the other hand, sure, one may live in a multi-family apartment, > > and decide to move to an new neighborhood, with a yard, probably > better schools, more square footage, and sure, the mortgage payment > will be more than the rent. But the property is also much more > substantial. > > > > Oh, ok. All you are talking about is how one area becomes harder to > > live in for the working people there. This happens in many places. > > > NO. Thats not the phenomenon that I am talking about. I am refering to > most major housing markets across the US where there is a strong > divergence for rents vs mortgages for the same properties. The > divergence is unprecedended. It is is one of the things strongly > signaling a leveling or decline in US housing prices -- at least in > major west coast, east coast and florida markets. >>>
Nope, not true, exaggerated by media and geeks. Not in my area. A moderately primo area. > > This and other factors are: > > 1) Unprecedented divergence of rent from mortgages (for gpropgaerty) > 2) Unprecedented lack of affordibility of housing. In the SF Bay area only 15% of new buyers qualify for the median priced home.)>> Yep, the Lake District in England has been much worse than that for decades. WHo cares? I care care nothing about California and their silly people living in the desert because they are afraid of the cold. Too many people, too hot, not enough water. Tough luck. > 3) Unprecedented levels of new construction in major markets which is not tied to population growth.>> It is in many states. Period. Perhaps not yours. > 4) Unprecedented holdings of 10 year Treasuries -- the bench mark for US mortgage rates by foreign investors, the leading one being the Chinese -- who are begining low reduce holdings, which will result in > higher mortgage rates.>> So what? The Chinese own my house until I pay it off. I don't care. > 5) Unprecedented use creative financing for home buyers -- which makes them very vulnerable to interest rate increases.>>. Like the 6 percent cap previously discussed? > 6) Leveling or declining prices in major housing markets beginning. >>> Nope. My state has a big non-stop housing market boom and population increase and low unemployment and high quality of life. And not far away in Canada, within weekend holiday homebuyers reach back and forth, the housing boom is a non-stop freight-train. You better run fast. ------------------------ Yahoo! Groups Sponsor --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page http://us.click.yahoo.com/dpRU5A/wUILAA/yQLSAA/JjtolB/TM --------------------------------------------------------------------~-> To subscribe, send a message to: [EMAIL PROTECTED] Or go to: http://groups.yahoo.com/group/FairfieldLife/ and click 'Join This Group!' Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/FairfieldLife/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
