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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: DebtBomb who wrote (191743)3/19/2009 10:42:56 PM
From: Skeeter BugRead Replies (1) of 306849
 
Wayne, the problem is that millions of people bought homes they knew they couldn't afford - all in an attempt to make a money grab for future appreciation.

people can't afford their 1% teaser rates.

and those who can... can't afford 3%. wait until they get hit with 6% or 7%.

i've heard 4.5% as the most probable target.

the problem is that china has to be wetting its pants knowing that the country that owes it so much money is now actively devaluing their investment. do they stop buying treasuries? do they begin selling treasuries?

how will this bod for the USA when we need to borrow $3.5 trillion? do they buy more presses?

I almost doubled by NGD position at $1.91.
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