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: GST who wrote (67901)	8/10/2006 10:41:15 AM
From: mishedlo	Read Replies (1) of 110194

You can easily compare the SAME house by looking at its price history -- it does not take much of a brain to see an enormous jump in prices over time for the SAME house. Agreed. And it does not take much of a brain to see that prices are falling like a rock in many places now. Centex and other builders are cutting prices by $100,000 or more on a $400,000 home. Poof 25% off overnight. That is a serious adjustment. Interestingly enough, no one wants to buy them. If you want to call those prices rises inflation then you should be calling these latest drops deflation. I say the former was speculation and the latter is collapse of a bubble. Was that bubble caused by an inflationary cash is trash environment? Yes, it sure was. The aftermath will be an environment where cash is not trash. Mish

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