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Do interest rates rule the real estate market?
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‘gto he nparto'sing rates om te sup- With di annomvement rere onus payment shel ine yeas, sie th pa
rlvemand equstan. The consumer hay so for Wal Stel eqeouves reasonable Rts ao arcaly bw daring te eres
Tnany cee eda 7 intra Pehasing. exper hat may sectors o the Weschesar_ pesos Produts man aw ee
[power atthe bastofmy cones regarding ari Wl dub reiency wm tha ove puma, inane asset wren
‘eal est or {he hui market the realy modiet_ cCsoening demand Eis up St lon or more, A Sein
reat esate ign Ineenees rates espenenced ver dhe last Secondly the Westchestr markets less fom alierader mora rod
fear tt mater "Smo prone to realestate speculation iban mary bejend the spe of dacusion Sule
Many ote wonaeiepondts wil tayou ther markets ke Mrda the Carolngs ib Sak the erat Perfrsance end Joa
tnt he met expe mates abana roa the Sass. 1 arbue this to the term avant af wany of Use peas
‘olnalempymene swocs he evlabilty “che East and Wen Coss makes Tis ops high east of etry and ear. For example, & Gaugit wah cording Sho the ara
af fvaneng abd related qualng ertra, ign is pmary driven by the rap appre & special can get Wom. property mai of se procs be drupe o aay
ogroe of speclnveacaty and demo: ition tsewe markets have eapinned ver Horii wth th ingendon of-fippng” the material gre, Ube pact un the drile
‘Paphe shits based upon eas ofsingor ik sho lst ve years da dhe words of Se sae property foe a proft in a short parod Suppldemand equntn cal be aaa
Sie omaideatons, Taso ss nda» ort Gr Blood Sweat & Tears for siete for as Le as $1000. Careing costs cana owes ert ling ales,
(oF caletely ict fh balance owoen fs). "Wat gos up. mist eee” down” Lor that property may be several hundred The cet of Uses prota has ln
Spt and dear. [nga the grist Bere the weer te dallas over the mortgage eyment heh Boon aa neroary means addres
isthe sit cs lance that probably sel al ‘might bean artcly lw segaive amor. he rapid ppreclaon vt ss drssnatealy
ays the east role prea ete altos at "The Wasrhsar art i¢ Whey o bo Uzstion o nro pent Teng purchasing poor Some mig cm
$y ven toe ‘nore eesiont tan mary ober crash ur With eal esate wes on were prop- clude thet nese eunstaners wero a
Ae for ares rates pectic we ood ft for 2 vara of Tenants, For one the eb ig at est $1,000 per mendh azine cucken and eg quam. sion tie
60 be reminded that rates remain euremely employment demand is igh apd the ioe dower pxsmenis > ye $E0000 ty argument canbe made that ese peels
Tow by historia standards and may would sxnomy fs performing wal. One ody fas 70000 rang, the Westchester marke ust fueled sme of he aprecaion.
argue the rato earounent So aczommo- lok a he evalueon of downiown White domsnt fend alt Ue level of speealabon nether concern f that the increase
‘ies ely resend estne es Pin abl Ye migration of major employers tht coud apc he sideman ela. purchasly ower may have pred greater
tion n oer marks. The roviced et of than prudent acess ghosting
Specatve acy acu market a psve ‘The dle of tur as that 8 prospec
‘Geen ems of ade stay toe sup purchaste should int morgage indebted
‘v-demand bance refered i gbove, best 2120 3 Snes annul ees, Some
Tang dpsed of he penal aerso of hse product An aot ak ual
Implications of real estate sper, sing err ean pert morgage indebted
‘hn to mhere my eonrams ein two Rea" ‘ess of Sto sow Ue nel Oe
cal etc “These dreumsianes erate a exe
‘The alii or elevated demand ated espe of te old pre “ne heh,
driven by crea financing aernaves cash pou ough lenders gual boero
‘The. increasing. cost of home- ere based upon genera ules hat on
ownership la Weschester, which may Siar bem and eng pay, Ie cc
‘imately Gel demographic shits’ Ia of homemertip som well bey the
re 8180 Dorsitof better quality of hi. {qualving consideration st oct ou
‘Over th last fiw os ders have par- angen 000 sguaret heme does
= skipsed inthe devlopment and demain ran you sould porter one,
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