Quote:
Originally Posted by Winsor_Pilates
I never said otherwise.
This same question came up when the 35 year was nixed, and a lot of people thought it would result in major price reductions.
I guess we'll see this time around...
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And I never said you didn't
The change is greater with each drop. I actually don't know how much it will change things. I thought about it all night and. . . I don't know. Those who were prepared to be house poor at a 35 and 30 year amortization maybe won't be able to buy as much house. How many people like that are needed to change the market? Is there that many people?
We'll see.