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**VioletttaJosetta** · 01-24-2006, 02:58 AM

Stable or mildly stagnant prices are not a problem to people who don't have excess amount of debt through mortage/refinancing. However, there are lots of these people and for them this is going to be ugly. Housebuilders will suffer as well. Many of these people banked on those juicy 20% value increases and are now getting far less if anything. Their loans will eat them alive, especially now that feds are raising interest rates.

01-24-2006, 02:58 AM	#36
VioletttaJosetta Join Date Oct 2005 Posts 347 Senior Member	Stable or mildly stagnant prices are not a problem to people who don't have excess amount of debt through mortage/refinancing. However, there are lots of these people and for them this is going to be ugly. Housebuilders will suffer as well. Many of these people banked on those juicy 20% value increases and are now getting far less if anything. Their loans will eat them alive, especially now that feds are raising interest rates.
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