When prices are high, interest rate is high too, and the people are still making the same money from now to long ago.
2007-04-11 16:43:06 · 4 answers · asked by Anonymous in Politics & Government ➔ Other - Politics & Government
Higher debt to income ratios than in the past. Banks have become much more lenient in qualifying homebuyers but they hedge their risk with higher interest rates.
2007-04-11 16:51:57 · answer #1 · answered by surgicalvenom 2 · 1⤊ 0⤋
Interest rates are low compared to rates in the 80's. People are making more money.
I agree that home prices are extremely high in some areas! I don't know how anyone in California can afford a home.
2007-04-11 23:54:07 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You are a little confused on this. Right now, prices are high and interest rates are LOW. In fact, interest rates are less than HALF of what they were 20 years ago!
2007-04-11 23:51:26 · answer #3 · answered by Doctor J 7 · 1⤊ 0⤋
save your money
2007-04-12 03:54:33 · answer #4 · answered by mike b 2 · 0⤊ 0⤋