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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (6597)1/31/2004 9:50:22 AM
From: russwinter  Read Replies (1) of 110194
 
<Cramer: "I came away wishing to buy some houses, keep them in inventory, and then flip them over the next few years.">

Best part of Cramer's absurd fuzzy logic, as it perfectly defines this bubble for all to see.

Reminder about the "housing shortage". Residential rental vacancy rates are 10%, at half century highs. Where are the new buyers going to come from? Homeownership rates are pushing 69%, the average before 1997 was 64.34%.
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