Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

Agree with all you say, Joe. All else being equal, certainly higher interest rates would have a negative effect on homebuyers.

That said, IMO, Greenspan will do his utmost to hold L-T interest rates down for the foreseeable future, and higher unemployment is thus more likely to negatively impact the housing market before rates rise enough to make a significant difference, except in the refi arena.

Or, perhaps it will be a combination of the two . . . In any event, there is sure to be a catalyst, and the boom will end. What goes up must come down. Then BOTH my income sources (stock market, housing market) will be in trouble. VBG

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