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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Robohogs who wrote (31445)5/18/2005 11:41:12 AM
From: John VosillaRead Replies (2) of 306849
 
They can keep an average $5k annual deficit going in bubble markets as long as homes keep appreciating $50k per year. Foreclosures already are at very high rates in much of flyover country as folks aren't bailed out by cash out refi's. It is really incredible our suppossedly conservative president, congress, fed chairman and bank executives all of whom remember the previous disaster a little over a decade ago have let it come to this. Amazingly, I don't see a collapse anytime soon without some external shock.
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