The "Hardships" of Higher Interest Rates.....

[redcliffsw]

Why High Interest Rates Are Good for the Future of the Housing Market and for Those Buying Houses
-Matthew Sercely

http://www.lewrockwell.com/orig8/sercely2.1.1.html

[Varmit]

I think it would be good for the housing market to sell a house at a realistic price.  Say cost of production plus 10 to 15%.  Honestly, is there a house thats worth 100 to 150 to 200k?  I don't think so.  Not when you consider what is required to pay it off.  The amount of time a person must work to earn that much.