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: Suma who wrote (25789)	12/9/2004 8:43:01 PM
From: Mike Johnston	Read Replies (2) of 306849

TOL +6 today If i knew nothing else, just looking at the chart of TOL i would say that this is a beginning of the bubble. I am beginning to think that the bubble will not be pricked by rising rates (they should be rising but are not ), but rather by the dollar being destroyed, denominated and replaced. Since the "New Dollar" would not be subject to the same excesses, mortgage lending would go back to 20-30% downpayments, 25% housing payment to income and "normal" interest rates. There are only two scenarios: 1. Rates rise sharply. 2. If the Fed would not allow rates to rise, the dollar will be destroyed.

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