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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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From: UncleBigs5/19/2006 2:40:08 PM
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Real Estate 2006 vs. 2001:

1. Prices up 150% in major markets.
2. Incomes relatively flat.
3. Interest rates relatively flat.
4. 35% of purchase activity has been speculators and 2nd home buyers.
5. 60%+ have relied upon toxic arm mortgages with either no money down or minimal down.
6. Inventories have tripled over the past year in major markets while sales activity has fallen roughly 20%.
7. Continued near record home starts.
8. Massive condo projects still in pipeline.
9. 50% of new jobs over past 5 years are housing related.
10. 3 million factory jobs have been lost.
11. $1.5 trillion of arm resets about to hit which will likely double payments at minimum.
12. Economy about to enter recession with associated job loss.

How can anyone conclude that a soft landing or some other benign outcome is likely? That's just wishful thinking.
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