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The Water Cooler
General Discussion
Stock Market… this isn’t good IMO
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<blockquote data-quote="TANSTAAFL" data-source="post: 3799299" data-attributes="member: 27098"><p>True, however the issue becomes equity in the home. They are locked into low rates, great, but in a long term investment that may be worth substantially less. If they become unemployed and can't pay a loan, may be stuck in an upside down investment, credit destroyed. Take a look at who is buying up properties right and left, management companies. Same with farmland, the family owned farm is steadily becoming a thing of the past that is why they are trying to bringing back the estate tax, maybe not purposely, however I suspect their are many politicians who do have nefarious designs on the people. I am pro capitalism, pro ownership, pro individual rights by the way. I agree with you that many people who bought at low rates are much better off than those buying now, however I do remember 2007 very well.</p></blockquote><p></p>
[QUOTE="TANSTAAFL, post: 3799299, member: 27098"] True, however the issue becomes equity in the home. They are locked into low rates, great, but in a long term investment that may be worth substantially less. If they become unemployed and can't pay a loan, may be stuck in an upside down investment, credit destroyed. Take a look at who is buying up properties right and left, management companies. Same with farmland, the family owned farm is steadily becoming a thing of the past that is why they are trying to bringing back the estate tax, maybe not purposely, however I suspect their are many politicians who do have nefarious designs on the people. I am pro capitalism, pro ownership, pro individual rights by the way. I agree with you that many people who bought at low rates are much better off than those buying now, however I do remember 2007 very well. [/QUOTE]
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