Relevant:
- Beverly Hills witnesses a 23 percent annual decline in home values -- Low interest rates do not mean long-term housing prices will go up. Just look at Japan and their historical interest rates.
- Famed Fed watcher expects interest rates stay high for ‘much, much, much longer' after unsustainable ‘free money era'
- Will Failing To Raise Debt Ceiling Doom The Housing Market?
- Mortgage Rates 11-18-10: 30 Year Fixed Interest Rates to 4.5%?
- Home Prices down 29% from peak (includes charts)
2008-05-06 — blogspot.com
``That last point is the strongest one I think: interest rates won't stay this low forever. You can't buy perpetually high home prices with low interest rates. Not without sparking inflation. Interest rates have to return to normal too. When they do, home prices will have to fall farther for homes to remain affordable.''
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