Slamming the Lower Income Earners & Raising Interest Rates

By
Real Estate Agent with RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident BRE# 01215778

Many economists are calling for interest rates to rise stating that higher interest rates are the sign of a healthy economy.  This may be true but it will surely punish the lower middle class and lower class income earners.  The higher interest rates will prevent those with limited income from qualifying for a mortgage.  The affect will be to give those with a healthier income the ability to buy without competition and thus taking advantage of higher interest rates.  The affects of higher interest rates won't stop there either.  Those impacted will be unable to make purchases that would be deemed unnecessary such as clothing, cars, movies, concerts and sporting events.  The lack of these people having the ability to purchase these products will enable those with the funds to purchase tickets at a discounted price since the number of ticket buyers will be much lower.  Raising Interest Rates benefits the middle middle class, upper middle class and upper class at the expense of those in society that could most use a break.

Your Friends & Realtor,

Tony & Dani Lewis RE/MAX of Valencia

www.TonyLewis.com * tonyglewis@yahoo.com

Call/Text - 661-510-7975

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interest rates
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santa clarita
valencia
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economist
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remax
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tony lewis

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Fred Griffin, on leave of absence from ActiveRain
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    The rich get richer (by charging more for the use of their money), and the poor get poorer (by having to pay more to borrow that money).

Feb 03, 2016 07:35 AM #1
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Tony Lewis

RE/MAX Valencia, Stevenson Ranch, Santa Clarita
Home values are rising, want to know the value of your home?
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