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The Big Con: Is housing market permanently broken?

 
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Ariel
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Joined: 25 Apr 2006
Posts: 9142
PostPosted: Wed Aug 20, 2008 8:44 pm    Post subject: The Big Con: Is housing market permanently broken? Reply with quote
Now suppose that median incomes stay constant, but <b>mortgage rates</b> go to 10%. Further suppose that utility and transportation costs rise by an amount equal to 10% of the <b>mortgage</b>. For a person with a median income to afford a house, <b>...</b>

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