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: patron_anejo_por_favor who wrote (150215)	9/25/2008 12:22:07 PM
From: MulhollandDrive	Read Replies (2) of 306849

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. yep....it's the bad-ass ugly 800 lb. gorilla in the room that NOBODY in congress or the white house is saying when are we going to see someone with the political spine to look into the camera and say, the the treasury bailout will not 'work' because ultimately borrowers (whether they be the end borrower or the WS banks) who levered up to purchase a wildly inflated asset are debt zombies, prices must and will reset and there is no 'sugar' that's going to make this awful medicine go down in a good way

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