Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

enid602

(9,716 posts)

5. Bad investment

Reply to Demovictory9 (Original post)

Mon Apr 26, 2021, 06:16 PM

Apr 2021

I’m not so sure I’d want to be sitting on a $1mm mortgage at a time when the federal deficit is about $4t or $5t per year. Just the slightest increase of today’s unsustainably low interest rates will send home values tumbling. Even in beautiful and thrilling Nuevo in Santa Clara. Better that these people take a bit of their money and actually visit some places in this world.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

6 replies

= new reply since forum marked as read

Highlight:

Dozens camp overnight for chance to buy $1.2 million Bay Area townhouses (set price, no bidding) [View all] Demovictory9 Apr 2021 OP

Ha, and they look like garden style apartments! n/t RKP5637 Apr 2021 #1

Townhouses so each unit is three floors Demovictory9 Apr 2021 #4

This market is bound to bamagal62 Apr 2021 #2

Right wingers love to tout how people are "abandoning" California. Caliman73 Apr 2021 #3

Bad investment enid602 Apr 2021 #5

Here they are ironflange Apr 2021 #6