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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: steve from ihub who wrote (21895)1/21/2005 1:27:06 AM
From: John Vosilla  Read Replies (1) of 116555
 
<the figure is closer to 60% of the homes imo and most of those were re fi'd 2 and 3 times>

And the values of those homes refied and part of the speculative bubble is significantly higher than the values in middle America. I bet at least 90% of the total market value of residential housing in this country is now part of the speculative bubble. It takes a lot of 80k homes in Oklahoma to equal a $640K home in California.
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