Quote Originally Posted by jakez
So maybe the problem is with both sides, federal reserve and people spending too much.. people need to start making some well thought out decisions in life instead of 'going with the flow'.. I hope you are right about cheap housing though, I should be looking at one soon.
In 92 I purchased a house in Davenport Iowa for $41,000.....the owner initially bought it for $68,000....he took a hell of a loss. When I made the purchase the interest rate was at 15%; by the time I sold it in "97" the price esculated to $50,000; can't recall what the interest rates were at then but I do recall they were much lower. I could'nt imagine what that house would go for now.

Have a good one!:s4: