Zeev's Turnips Patch-No Politics (ZEEV)

[brainlessone]

the law of perverse investing.

by all metrics: people need homes, some fraction of the 94% of the working class can afford them so the market is large,
mortgage rates will go down agin because the darling of the fed realizes that for every dollar of interest the mortgage rate goes down, a dollar less is deducted from taxes, so the gubbermint gets more money, the homeowner gets more money and the bondholder is screwed unless they already owns the bond, which many do anyway and like the fees charged and its still better than treasuries because they are really short term money since everybody moves every 4-6 years, they have a great p/e ratio, they just refinanced all the building debt for longer terms this august and sept so they have cash,

blah blah blah. expect mortgage rates to go down again is what it means. when the rates go up and the employment goes down, and their inventory goes up and the time to sale for new houses gets longer, kiss them good by

i think they are overpriced and they have come down a bit from june havent they