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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (146534)1/28/2002 11:39:34 AM
From: marginmike  Read Replies (2) of 436258
 
I agree, about the blowoff top, RE in the big cities like SF and NY are already showing cracks. The RE prices in the big cities usially lead by 1-2 years on the way up, so I would assume the same is so on the way down. The fact is Rates on the TNX.X will be the death blow. As those rates move towerds 6% the Housing market will buckle. Spoke with afriend whos is a bOND TRADER, SAID FMH IS A TIME BOMB, financial engineering cant be maintained if Housing and Refi's slow. The only wildcard is the Government help they could get if trouble appeared.
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