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: RetiredNow who wrote (260454)	7/13/2010 3:20:37 PM
From: tejek	Read Replies (2) of 306849

LOL. The key to that article is that it's the "higher-end markets" that are recovering. Well, of course! The rich in this country have had all of their debt socialized and have made out like bandits from bailouts and bonus checks. The rest of America is getting the shaft. Just how long can numbers that focus on the recovery in the top 1% of our country be used to pretend that a broad based recovery is under way? My guess is not long at all. Trust me when I say I have no love affair for the rich and the pseudo rich.....but what had me worried about this housing recovery was that it seemed mostly concentrated in the lower end of the housing market. That does not make for a successful housing recovery. Now that its spreading to the rest of the market I feel much more confident. And remember, $500K to $800 dollar homes are considered middle class housing in many coastal CA communities. BTW NYC also is reporting that its middle and high end markets began to perk up near the end of May so its not just a West coast phenonomen. And my sister who sells real estate in NH is having her best year in three. One last word........you don't nail the rich through the housing market. There are better ways. And I hope Obama and Congress have the huevos to do it. This stock market increase of the last week and a half and maybe continuing for another week or two is a great time to open a short position or close out long positions. In the infamous words of Bush Jr, "This sucker's goin' down." Be careful......I think you will find you are wrong. The Dow has crossed back over its 50 DMA: clearstation.etrade.com If earnings and guidance continue to be good, it will stay above its 50 DMA. Again, bookmark this post. ;-)

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