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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (24733)1/15/2005 11:49:05 AM
From: SOROS  Read Replies (1) of 110194
 
But what about the "hot" areas all over the country? Are there not many, many areas that are growing in populations by leaps and bounds and have projections to keep growing for many, many years? There seem to be many people buying multiple homes in these areas and renting them out. They do not seem to be having ANY trouble renting them because the area has such an inflow of new residents. What will stop this? I know interest rates can put a damper at a certain level, but it seems Greenspasm is hell-bent on fighting that battle for as long as possible. I suspect he will eventually lose since the low dollar does not seem to be correcting the out of balance problems, but could this real estate speculation in "hot" areas not go on for years?

I remain,

SOROS
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