flifree 0 #1 June 1, 2005 can someone help me understand this a bit better please? i'm looking into some investment properties and really want to grasp this concept completely. if mortgage interest rates are solely based on the 10 year t-bill then why do the media outlets constantly talk about mortgage interest rates potentially rising when prime goes up half a point? prime is what the banks get their money for....so how in the heck does that influence the 10 year t-bill directly or indirectly. i don't think the housing boom in florida can sustain itself forever and i want to be on top of this big time before i commit. people are going nuts down here to buy anything....it's good but i can't last forever. thanks in advance? Quote Share this post Link to post Share on other sites
skymama 35 #2 June 1, 2005 Buy low, sell high, not the other way around.She is Da Man, and you better not mess with Da Man, because she will lay some keepdown on you faster than, well, really fast. ~Billvon Quote Share this post Link to post Share on other sites
flifree 0 #3 June 1, 2005 wow....thanks skymama! Quote Share this post Link to post Share on other sites
skymama 35 #4 June 1, 2005 Just giving you the advice that my dad has been telling people lately. He's been building in FL for 35 years and says the cycle repeats itself about every 7 years. He's telling people that we're too far into the cycle to make a big profit now if you're buying just for investment purposes.She is Da Man, and you better not mess with Da Man, because she will lay some keepdown on you faster than, well, really fast. ~Billvon Quote Share this post Link to post Share on other sites
