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

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To: ild who wrote (23023)	12/7/2004 8:25:10 PM
From: Ramsey Su	Read Replies (1) of 110194

I was having lunch with a bunch of old friends, all got real estate backgrounds or still in the business. We were talking about how personal income in San Diego had been growing at 1.some % per annum while house prices had been growing at 20+ %. but ...... don't worry ..... Stated income is rising as fast as needed to qualify for whatever you want to borrow. <gggggg>

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