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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: J. P. who wrote (10888)6/1/2003 9:06:30 PM
From: fattyRead Replies (1) of 306849
 
>Especially when some of the people living in these homes have relatively modest incomes, and originally bought in the area because it was modest and affordable.

That's very true! Now these people can also cash out on their home thru re-fi. I'm not sure why this is the way our economy rewards people. I'd think that economic reward is based on productivity!
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