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 (270953)	8/25/2010 7:56:18 AM
From: carranza2	Read Replies (2) of 306849

Excellent. Thanks. Amazing that 80-85% of CRE was financed with interest-only or partial interest-only debt in 2006 and 2007. Since these mortgages generally come due within 5 years, unless we have a sudden but unlikely expansion of loose money, CRE is going to get hit. A lot of small and medium sized banks are going to take it on the chin. No wonder banks are piling up their excess reserves, not lending. They know substantial amounts of write-offs are on the way. The IMF generally shares the views expressed by Elizabeth Warren in the Congressional report cited by Russ. Two very powerful and reliable sources. I don't believe a word coming out of RE sell-side con artists. If you read and believe them, you can kiss your moolah goodbye. etfdailynews.com If SRS didn't erode as badly as it does, I would definitely take a look at it for a nice speculative plunge. May do it anyway since the Congressional report Russ cites is very compelling.

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