With the jobless rate hovering near 10% nationally, and the homeownership rate falling in every major market in the US, I have to ask your opinion:
"Would a little inflation hurt?"
Since the 1980s, I've been an inflation hawk.
I remember being a real estate developer as mortgage rates rose to 17% for a 30 year fixed rate.
I built 350 homes in Ocean County, NJ during that time period.
I employed 21 full time carpenters. For years!
So I just have to ask the question: Is "a little inflation" the same as "a little pregnant?"
What's YOUR opinion?
I'm Mike in Tucson, your preferred Tucson based Mortgage Lender.
SUNSTREET MORTGAGE llc ~ Mortgage Bankers, Not Brokers!
Offices in Scottsdale, Tucson, and Nogales, AZ, and Albuquerque, NM.
Reach me any time on my Blackberry