The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (9496)	3/10/2003 11:03:38 AM
From: Amy J	Read Replies (4) of 306849

Hi nextrade, so they now realize there could be a problem? Why so late? On another note, is it really true that 1.7T was pulled out of equity in refincings last year and something like 1/8 of it (did they say $390M?) of that was applied to consumer spending in just one year? What is the gov't going to do when they don't have that rabbit to pull out? I mean, how low can interest rates really go before there's no room for more refinings that prop up consumer spending. I don't like real estate bubbles, but if the RE bubble snaps before business spending (which in turn feeds consumers who can then spend) has recovered (and before the war is over), I think the US economy could turn for the worse. Having one leg injured isn't too bad, but having both injured at the same time could shock the system into a stumble. Regards, Amy J

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