John Harris writes: "At 5%, more people have more money to spend on property, bidding the prices up due to many buyers competing for scarce available properties. the Inverse happens if the rate goes to 10%. You cannot sell your property worth $200k there isn't anyone who can afford it."
Vicky adds: Precisely my point. When interest rates increase, people and businesses have less money. When utility rates increase, people and businesses have less money. When taxes increase, people and businesses have less money. When insurance rates increase, people and businesses have less money. In Minneapolis, the water/sewer bills are so high, I'm thinking of encouraging my tenants to drink wine and drive to St. Paul to use the bathroom! Vicky Heller, North Oaks Cedar-Riverside (work) REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
