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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Moominoid who wrote (30265)4/28/2005 12:17:27 PM
From: John VosillaRead Replies (2) of 306849
 
Some people here seem to forget monetary policy doesn't revolve around this coastal housing bubble which has gone on to incredible heights. Fact is the overall real economy is really hurting. Tech, manufacturing, autos, airlines are hinting at stagflationary depression with rising costs and no pricing power. As for housing you we already have record foreclosure levels already in many areas of flyover country. I think the coastal housing markets will have their big fall regardless of what the fed does it's just a question of when and how we get there.
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