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: marginmike who wrote (45616)	12/10/2005 8:11:16 PM
From: mishedlo	Read Replies (1) of 306849

MM, did you see this? Message 21961893 Yes I agree, with some of what you say but also everyone still thinks housing will just stabilize and there will not be a recession. I saw a report yesterday from someone predicting a loss of 800,000 jobs because of housing slowdown but that would not cause a recession! The concesus is overwhelming that we are some kind of permanently high plateau or that any dip will not be significant. So yes, there is a lot of top calling but no one seems to believe a decline. There is also an enormous concensus that the economy is strong and will stay strong. Also Greenspan and others say the yield curve does not matter. A strange thing really but I really do not see a mass of buyers rushing back in to the markets that have turned. Mish

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