- Apr 11, 2012
- The Blue Ridge Mountains
- Kubota MX5400, ZD 331, L3301, 1140 RTV, KX 71
From what I have seen / read, this buying frenzy is fueled from an available money supply, not necessarily by no money down mortgages. I do agree that these prices may not last and some will not have a chair when the music stops.Only a matter of time as it's not sustainable as it is today. The issue will be the people that bought inflated and are now on the hook and I wonder how many of them have ARM's instead of fixed rate mortgages.
I own a number of properties that I could sell, but won't I get bugged constantly to refinance. I ignore them all.