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Quote:

Originally Posted by BRISK

What I think is even more of a concern is the amount of record debt that the average person has today compared to any other time in history.

Combine this with rising interest rates and it gets scary.

Yeah that's pretty much what they're saying in the articles, they prevented a recession in 98 by lowering interest rates. People have been living and spending on refinanced mortgage money for too long.

US Homeowners != RE Investors

IMHO buying your own home is not an investment, it's a liability. It produces no income and you must pay $$$ every month whether it appreciates or not. Only renting is (usually) more of a liability. Buying RE for income/profit is an investment.

Buying for purposes of speculation is never a good idea, no matter what the interest rates are.

I haven't been buying lately because of the amazing appreciation (which has benefited me greatly) but if/when the bubble bursts I will be happy because there will be many deals out there for me to cash in on.