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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: SLCMortgages who wrote (71300)2/2/2007 8:58:36 PM
From: John VosillaRead Replies (2) of 306849
 
'Because wages are slowly but surely catching up with everything else? Because there are plenty of jobs available? Because companies are profitable? Because there is no housing crash?'

Housing and auto are in serious recession mode already. Perhaps you need to check out Denver to see what SLC will be like in a year. Certainly not the gloom and doom of your best friend Mish but something is going on as the rest of your post is dead on to the current situation in a global expansion spreading US consumerism throughout the globe. Then just add easy credit for Joe6pack to continue living beyond his means in a low interest rate environment with no ramifications yet for excess credit, monetary expansion and mounting twin deficits.
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