THE LAST TIME (1978-1982) INFLATION LED THE WAY!

By
Real Estate Agent with Thomas Waite Real Estate Broker

The last time our Government tried to 'MONITIZE' the National Debt was when Jimmy C got the Ugly Stick from, Gerald Ford who got it from, Richard Nixon (who TRIED price controls - did not work out well) who got it from LBJ...as a result of the GREAT SOCIETY!!!

SEE HOW OLD I AM?

The financial blogs this week are speculating on two things.

1)  HUGE! Price inflation of Commodities such as Oil, Food and Energy (not counted in the CPI) (I'm not making that up...the CPI does't count the stuff that inflates in the "inflation rate" since doing that KILLED Carter's presidency - well, that and the handling of the Hostages, Gas Crisis, Energy problems...not enough space for this discussion here...).

2) The Municipal Bond Market crashing due to that TERRIBLE Meridith Whitney...who exposed the Emperor with Nudie habits...like SPENDING WAY TOO MUCH LIKE A DRUNKEN SAILOR WITH HIS BUDDY'S WALLET! (I apologize to all of the Drunken Sailors who read my blog...I didn't mean anything by it...honest)

There have been NO fixed interest rate loans for Apartment Buildings or Commercial since 2008...so they're already Scre&#d when the rates rise.  Look for more defaults in apartment properties which are on the verge due to unemployment.

Anyway!  Get ready for the House Interest Rates to Head NORTH after the new year. 

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Tom Waite

THOMAS WAITE REAL ESTATE BROKER

PO BOX 3205,  CYPRESS, CA 90630

714-895-2174 Direct; 714-398-8292 Fax  Tom@TomWaite.com

Comments (2)

Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Hmmm....interesting.    I do think the first three months of 2011 will be essential "reading".

Dec 23, 2010 05:20 AM
Dan and Amy Schuman
Howard Hanna Real Estate Services - Solon, OH
Luxury Home Specialists

Wow Tom, you are old:)  There are some that say raising rates may not necessarily be so bad for the housing market, but in any event, they will be going up.

Dec 28, 2010 03:54 AM

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