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Post# of 704044
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James T Kirk

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James T Kirk

Re: Joe Stocks post# 281131

Saturday, 08/07/2004 6:56:59 PM

Saturday, August 07, 2004 6:56:59 PM

Post# of 704044
I'm not making a prediction but long rates in Japan went down to 1%. That would certainly improve people's ability to buy homes. A $500,000 loan would be about a $1600 monthly payment.

Long term, house prices may end up being inversely correlated with long term interest rates.

A fool and his money are soon elected.

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