T-Bills, debt ceiling…

Tips and Deals Forums Buying Your Home Buying a Home in Los Angeles T-Bills, debt ceiling…

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    Anonymous

    Just got off a call with a friend encouraging me to wait and buy something in late 2011 or 2012… telling me how our economy will tank (more) in Fall becase China is dumping our t-bills and we’ve hit our debt ceiling. Of course unemployment, the expiration of the 730k loan limit, and the specter of the “shadow inventory” also seem like negative gifts that will keep on giving for awhile.

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    Mortgage rates could go up… What do you think? Wait? Make lowball offers while waiting, maybe luck out and get accepted?

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