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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: larry who wrote (4731)8/27/2002 5:25:11 PM
From: Paul SeniorRead Replies (1) of 306849
 
Larry, I'm not getting your point.

I posted that I can understand where housing is affordable by a category of people given the mortgage costs that I see.

You bring in Greenspan, bubble, and Tokyo. I don't understand what that has to do with it.

If housing prices drop, it won't necessarily be a disaster. As long as people can continue to make their mortgage payments and as long as they are willing to do so.

Sure, some people get laid-off, some get transferred. So what. For the majority of people who can afford houses, who want houses, who will bet they can handle the problems that come with home ownership, they CAN - and - as you are seeing in your Boston area - ARE buying.
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