Replies to post #351409 on Zeev's Turnips Patch-No Politics (ZEEV)

[PENNYPRINCE 1]

Zeev I hear you and my question more to the point is do you expect a 10 20 or even 30 percent drop as you forcast your panic selling this spring? Certainly it wouldnt happen as fast as the overall stock market but if invetors are hurt wouldnt it be expected that real estate would feel it too?

[hightecheast]

<<getting fixed 30 years rates now is a gift>>

... my banking friends say that fixed rate 20-30 year mortgages are much more difficult to get these days without 20% down or more ... banks don't want to get stuck with low fixed rates when long term rates rise significantly ... although that may not happen in the short run IMO ...

Ken