and also, the interest rate wouldn't just shoot up 7% over night for no reason! people quote ...
大C姐 發表於 2010-9-29 15:13 
Do you even think that people can sell when other people are also thinking the same?
Wrong again. Government can not just look at real estate to determine rate increase. The cost of food and other essentials has gone up. (I hope u realize that too)
That is called inflation.
Our retarded government put themselves in this bad situation, so there is nth we can do about it.
You are right, rate does not increase madly over night. But just in case if you have amnesia, most people carry 35-yr mortgage nowadays b/c of the insane price. Can rate remain low in 5 years? 10 years? Does low rate really help prevent a melt down? (look at US) May be... |