View Single Post
  #7  
Old 04-13-2011, 03:58 AM
trilinearmipmap trilinearmipmap is offline
Member
 
Join Date: Feb 2003
Location: Prince Rupert B.C.
Posts: 1,213
trilinearmipmap is on a distinguished road
Default

Once interest rates rise a few points, quite a few people won't be able to afford their mortgage payments so they will be forced to put their homes up for sale. At the same time, the higher interest rates will mean fewer buyers. Increased supply with less demand means a precipitous price drop. I am sorry for those who have put their life savings into this bubble.
__________________
120 gallon sps/anemones/LPS reef since 2004
Apex controller
8 x 54 watt T5 PowerModule
Herbie's silent overflow system
Jebao DC 12000 return pump
Jecod CP-40 Cross-flow circulation device
Mini Bubble King 180
Barr Aquatics calcium reactor
Bucket fuge
Reply With Quote