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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Beachside Bill who wrote (60608)8/24/2006 1:04:03 PM
From: patron_anejo_por_favorRead Replies (2) of 306849
 
>>but you had belittle me...<<

Aw, c'mon Bill, I did put a <G> after the comment.....

>>you shorting the homeboys again?<<

Yes, but only about half loaded (regrettably). Things look even weaker than I thought possible at this stage, this will take years to unwind. The big boys are fickle, all that money flow can reverse out just as fast as it came in (and will).

Mortgage rate at 3.5%? Possibly, in 2008.....it'll take a decent sized recession to get there. If we do get there (or even close), I'll be buying investment property with both hands.

Agree with retail falling. It's all over the charts of the big boxes. Don't underestimate the effect of housing "slowdown" on employment....about 30% of job growth since 2003 has been real estate/RE financing/construction related. The builders can weather the storm (if they acted early enough and pulled back), but will their ex-employees?
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