The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: CalculatedRisk who wrote (37441)	8/9/2005 10:53:43 PM
From: John Vosilla	Read Replies (2) of 306849

I'm listening to economists Silvia of Wachovia and Duncan of the MBA on CSPAN. They are so full of shit IMHO but it is no surprise since they are industry pimps. They make it sound like a downturn in a housing market can only occur due to a local economic downturn and increased layoffs. I've been in the bubble camp for less than a year now so am not aware if folks like Baker have been doom and gloom for a long time. I guess your credibility is shot if you are too early to the party.<g>

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