RE: If Mortgage Rates Hit THIS Level, The Entire Housing Market Will Unravel!

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If Mortgage Rates Hit THIS Level, The Entire Housing Market Will Unravel!

in money •  8 years ago 

Do you know people who are buying into the real estate euphoria at this time?

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What do you think of investing in real estate, ie buying and renting. I have the cash to buy a few homes. I can wait if prices drop, to regain my investments. With low rates, that i can lock in, i like using other people's money.

I've heard many people in NZ state that house prices in Auckland will continue to go up - also interesting to note the household debt to income ratio in NZ is 177%, which is the highest ever.