#4
Why the Vancouver Housing bubble will burst

Interest rates could go up

Interest rates could go up
Image posted by karj
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Interest rates are at a low. This can change, and given how high of a debt-ratio many homeowners have assumed, even a 1% increase can make all the difference. Imagine what happens if we see interest rates do what they did in the early 80s... many will find themselves bracing for a wild ride. ( Edited by karj)
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Views: 684  Voters: 2   Comments: 0
Added by karj on July 30, 2008

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karj
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