- Rental Property Investor
- Oakland, CA
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Thank You Letter to Bernanke and Yellen
Dear Mr. Bernanke, Ms. Yellen, and the entire FOMC,
I am writing this belated letter to thank you for the $4,000,000,000,000 (Trillion) in monetary base, countless billions in MBS purchases, and aggressive and extended cuts in the target fed funds rate. It has slathered real estate investors with low-cost financing to boost cash flows and returns, added appreciation to our properties, and pushed more people to invest with us in this low-yield environment. I even got one 30-yr fixed rate loan on a 4plex for 3.25%! I'm sure there will be no longer-term consequences to this unprecedented expansion of money supply and extended low-rate period, while asset prices reach new highs in many areas of the economy.
On behalf of myself, and the investors below,
THANK YOU!!!!!!!
Good Day Sirs and Madames,
J Martin