Re: Speaking to several Bankers recently - Posted by Bob (FL)
Posted by Bob (FL) on February 08, 2004 at 14:35:52:
>I seriously doubt that a rate increase will make things better for the multi-family landlord. Any rise in rates
>will put more pressure on them, similar to the old adage of “being kicked while you are down”
Errr, why? Rising rates usually mean lower vacancy, which seems nothing but good (unless you foolishly bought with an ARM).
Re: Speaking to several Bankers recently - Posted by william (CA)
Posted by william (CA) on February 04, 2004 at 03:03:24:
I think you’re correct Hank. When we see job growth figures come out each month that is nationwide. This means that the hotter growth areas (relatively speaking since job growth has been pretty anemic) skew the figures. Most areas of the nation are still compeltely stagnant or losing jobs. Not a pretty picture for landlords who are buting at what i think is the top of the market.