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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (38811)8/22/2005 11:31:59 PM
From: John VosillaRead Replies (1) of 306849
 
It would only hurt second home vacation areas and some barrios. You want that 40% haircut in primary home bubble markets without destroying the real economy as Greenspan appears to be doing just eliminate the low start rate ARM's or any other negative amortization loan programs, tighten underwriting standards back to five years ago, make 5% down payment mandatory, rollback the exclusion on homestead property to once in a lifetime as it was in 1996 and then immediately drop the fed funds rate 100 basis points<g>
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