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Old 06-08-2006, 08:04 PM  
crockett
in a van by the river
 
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Join Date: May 2003
Posts: 76,806
Quote:
Originally Posted by David - PG
With people borrowing money against their properties and interest rates set to rise this looks like trouble for some areas. Not only for the poor souls who will lose their homes but for all many of us doing business since people that move back to a 1BR rentals while paying off debt for the next 10 years are likely to have less money to waste on the fun things in life (like online porn).
sounds like 1BR rentals will be where the action is.. That's why I'm looking into buying duplexes. Even if the housing market drops people will still need to rent.
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