Quote:
Originally Posted by GLOW
why do you say our parents fucked us over?
on another note - the banker that helps my family bumped in to my wife and she mentioned that what she's noticing (i guess from clients since she does mortgages too at the bank) is that pricing for old homes are not increasing while pricing for new homes are.
any truth or comments on that? if so, any ideas as to what is the driving force behind that?
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they fucked us by lowering rates all the time, and now that they're retiring at the peak, we have nowhere to go but increasing rates, which sucks for us, as a generation or two.
as for no one wanting older properties anymore, i would suggest this is a sign of the times that people are not buying older dumps to knock down and build a mcmansion on... but this was just one comment from one guy, so who knows whats really happening (i have my thoughts, but boy will it take a long time to prove it out)