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: Micawber who wrote (11200)	6/14/2003 9:16:15 AM
From: marginmike	Read Replies (5) of 306849

"I think the rapid appreciation can continue indefinitely," said Coldwell Banker's Montclair office manager, Robert W. Norman, "primarily because interest rates are so low." Mr. Norman said that based on typical mortgage computations, buyers who could afford to pay $1,800 a month on a 30-year mortgage loan would have been able to afford a $450,000 house two years ago — and now, with interest rates a percentage point lower, could afford a $600,000 house. If thats not bubble talk, dont know what is, sounds like someone describing JDSU back in 99

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