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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (14862)11/6/2003 9:51:10 AM
From: russwinterRead Replies (2) of 306849
 
Again, I submit, it is primarily, maybe totally based on cheap, easy credit. Once credit becomes more "normal", all real estate (and bond) speculators will be in trouble.

Year after year of 10-15% credit growth (in an economy growing at 3-4%) is very unhealthy. Read the Aust. and UK CB statements now, they recognize it belatedly.
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