Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Don’t buy a home just because interest rates are low.
How many of them have existing debt (student loan, car loan, credit cards) and no 3 – 6 month emergency savings fund?
Here’s a better idea.
Pay off the debt first, build up the emergency fund, figure out how much it costs annually for property taxes and home maintenance, then buy a house.
instead of incurring more debt, then asking the Federal government for a student loan bailout.
Wait until those home buyers take a look at their property tax payment. Breaking it down by month it’s like buying two houses.
Those Illinois houses with the views of the Rocky Mountains are selling especially fast
““The strength in the home price growth is a testament to pent up demand among millennials who are viewing historically low mortgage rates and lull in the market activity as a unique opportunity to purchase their first home,” he said.”
This is just selling their book. It it not good out there and there’s a brief bump before the next leg down. There’s millions of people who missed last month’s mortgage payment. Those homes will be foreclosure in a year to two years time.
How stupid do these people think we are?