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: MulhollandDrive who wrote (150198)	9/25/2008 12:07:50 PM
From: patron_anejo_por_favor	Read Replies (1) of 306849

>>wait till people begin to realize that the banks will continue to have restrictive lending policies until the RE market finishes CORRECTING<< This is it in a nutshell. Remember Box's "Dominoes" post from earlier this year? Domino number one (the inability of incomes to support current home prices) remains in the down and locked position. Until housing prices drop to meet incomes, efforts like the current one to reanimate the corpse of the credit market are futile. This one is particularly egregious because of the expense and the one sided provisions to brokers. Utterly revolting. ANYONE (regardless of ideology) who votes for crapola has been derelict in their duty to the taxpayors and deserves to be voted out of office. It's my litmus test, and I'm standing by it.

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