and you don't think QE3 and these historically low interest rates aren't another gift to the 1%? And these "great home values" are just a reflection of the artificial external stimulation by the FED and the unsustainable low interest rates. All the confidence in this country is just another bubble inflating, this time its way worse than the last one. Just borrowing and printing money.
The interest rates are where they should be. Nobody should ever be able to charge double-digits just for loaning money. Those people are called loan-sharks. I didn't say great home values. I said realistic. On a historic graph chart they are quite a bit little lower than they should be, but will self-correct over the coming years no matter what else happens. Oregon has averaged about a 6% to 6 and 1/2 % increase per year for homes over the last 80 years or so.
