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To: TheStockFairy who wrote (85670)3/26/2001 4:17:52 PM
From: Roads End  Read Replies (2) | Respond to of 436258
 
Not sure I follow your thoughts. The 'trapped' you are pointing to are the ones holding the unsold inventory. We currently are at a 30 year low on 30 year mortgages and have a growing inventory (27% over last year) of existing homes for sale. In addition sales of existing housing fell last month, not to mention the sizable drop in new housing sold. I'm saying the bubble is done growing and housing is starting to deflate.