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: Amy J who wrote (25510)	11/30/2004 11:53:11 AM
From: Tradelite	Read Replies (1) of 306849

<<Would love to see a link to this statistic, if possible.>> That stat I heard on radio about 40-percent paid-up mortgages came from a woman whose last name is (I think) Savage, maybe Terry Savage? At any rate, she was standing in for Bob Brinker on his Sunday afternoon radio show, is a former options trader in Chicago and always provides some interesting financial knowledge and commentary when she comes on the airwaves. She has a website which she mentioned on the show (maybe terrysavage.com?)....maybe you can research it or go to BobBrinker.com and perhaps there will be a transcript of the show. She cited the statistic in response to some bearish caller who was predicting financial Armageddon for people who are overextended on real estate. Savage said some people would indeed be hurt by rising interest rates, but not everyone. Sounded like common sense to me.

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