The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: mishedlo who wrote (38202)	8/9/2005 12:51:17 PM
From: russwinter	Read Replies (1) of 110194

The big issue that will emerge even in "less" bubbly areas, is that the financing used for this is going to get seized up and will be largely unavailable at least cheaply. Transactions will fall dramatically, and there won't be any liquidity in housing. Even if you put your house on the market at a reduced and realistic price, you'll just watch the for sale sign rust. I don't know about other's lifestyle choices (and I no longer have a wife to answer to (sort of a rolling stable of independent minded girl friends close to my age), or kids to raise), but I'm not receptive to the idea of getting stuck somewhere in a house or condo, that I can't readily put on the market and sell. I want to have total mobility and choice. I might find a give away luxury unit in some great location at a foreclosure in 2010, that I could dive into, or maybe just leave the country. What do you think the US will look like socially in this? Lots of angry, depressed people is my bet.

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