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: Jim McMannis who wrote (9511)	3/10/2003 9:44:10 PM
From: John Chen	Read Replies (2) of 306849

Jim,re:"FNM...". Don't nobody short these gov sponsored business. Fed will drop rates to fight the inevitable until the needies/buddies are out and safe. Also, 'forclosures' are signs of higher RE prices to come. Basically, the Jane/Joe 6 pack, the make-believe temporary home owner(bag holder) CANNOT AFFORD to sell a house if it increase ONLY 5% annually. The RE pros, the experts, come and swoop it up for the dirt. They hold to the market price (with Gov sponsored cheap liquity) and sell it to the next make-belive home-owner, hold the mortgate until next job from out-of-town. This cycle continues and the prices keep spiral higher, higher, ... higher. The FED sees no bubble, hear no bubble, actually bubble implies success of the FED. At least that is the story being put out in the front.

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