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: GraceZ who wrote (48740)	1/4/2006 7:28:10 PM
From: Wyätt Gwyön	Read Replies (1) of 110194

The idea that people have been taking money out of RE in the last five years is totally in conflict with the stats. They have more of their assets in RE than ever before both in percentage of household assets and in aggregate. you're getting confused. nominal aggregate value of owned RE is of course up, due to overbuilding, overownership, and overvaluation. consequently, RE as a percentage of assets is up. HOWEVER, equity as a percentage of all RE is in a CONTINUING DOWNTREND; i.e., equity is being extracted even faster than the bubble expands! the charts on equity extraction show it all. at the end of the day, the bubble will collapse and all that will be left is a mountain of debt that will have to be written off by creditors.

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