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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jimbobwae who wrote (18066)8/25/2004 11:12:06 PM
From: Wyätt Gwyön  Read Replies (2) of 110194
 
Hardly ever do you see discussions that include the demand side of the projections that the US is going to need to satsify a demand for 20mm more units by the year 2020

such ridiculous projections assume homeownership rates even higher than today's ludicrous level at the top of the housing bubble. if homeownership returns to its long-term postwar average, there will be no need to add any housing stock for a decade at least.

We are not in the same wild speculative environment that left its mark on the mid 1980's.

you are right--it's much worse this time.

Besides, that wasn't a housing bubble but a credit bubble.

you should check the title of this thread. we are in a credit bubble right now and when it ends it will be the worst housing crash in world history.
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