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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (37741)8/4/2005 10:40:28 AM
From: John Vosilla  Read Replies (1) of 110194
 
As critical as anything appear to be the local appreciation rate. Appreciation like we've seen in the bubble markets will correct a lot of problems folks might have. But as you can see with current record foreclosures in many flyover country markets already little equity and a change in their personal situation such as job loss/health problems/divorce gets people to walk no matter how low the payment on an ARM. Add it all together in the bubble markets a tsunami will develop.
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