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Strategies & Market Trends : The Millennium Crash

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To: MythMan who wrote (2460)	3/25/1998 5:27:00 PM
From: Bonnie Bear	Read Replies (1) of 5676

Pete: this is incredibly inflationary on real estate, and the fed can't ignore it much longer. The feds so far have ignored property appreciation by including mobile homes in their statistics. According to the manufactured housing association, one out of three homes is a manufactured home and the percentage has been increasing. Nothing wrong with a mobile home, but it really skews the statistics. The feds seem to compute housing costs per capita but haven't adjusted their statistics for the decline in average household size in the last several years. How convenient for them. Blowout housing numbers could put an end to the market by forcing the feds into an interest-rate hike.

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