The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (86573)	8/22/2007 3:12:19 PM
From: Minos	Read Replies (1) of 306849

<Housing started to decline in Fall 05> LT, you make some good points. There are lots of folks in SF, San Mateo and Santa Clara Counties walking around with Monopoly money. The Google effect...and that makes things different. But let's not forget that peak resets will be in early 2008, I believe. The spike in Jumbo rates is a whopping one-week old. And just wait 'til some big finanical player is finally forced to mark some of the worthless paper they're holding to market. That's when the real fun will start. You don't think there will be ripple effects? Silicon Valley will not be imune IMO. Might not be disaster, but I seriously it doubt that it's all good from here and it's double digit appreciation forever like it has been..

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