Questions from Investors: Is This a Good Time to Sell My Home?

Question:

We are looking to sell our home in NY and move to Tennessee. Do you see 0bamacare affecting the housing market– i.e., employers cutting people to below 30 hours, etc., plus I’m concerned about interest rates come 2014 and how they will affect the housing market. We have some work to do to get our house ready to sell and I want to know if you think it’s worth it to put it in high gear and try to get it sold this year as opposed to waiting till next year.

Answer:

Obamacare is affecting everything, increasing unemployment and underemployment. If you want to move, just do it. If you can hoard cash and not stick it all in your house, consider doing so. Stay lean and mean financially. This is not the time to splurge. This is the time for every American to be as cautious as possible with their money, hold onto it — if Obama gets his way, we’re screwed.

Interest rates have been artificially held down by the gov’t. Inflation is strong; interest rates should have been rising alongside inflation. Ask any woman in the grocery store. Read the comments from the Tyson Foods earnings report this week.

Move NOW and lock in a low rate NOW.

I will continue to invest in stocks. There is no return on bonds and money market, and when rates rise, bonds go down. I transferred all money out of bonds/bond funds.

If they nationalize our retirement accounts (which are invested in stock mutual funds, right?), the stock market will crash and never recover. Capitalism will be gone. We must stop this man.

Questions?  Contact Crista Huff at research@goodfellowllc.com.

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