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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (2028)	3/3/2002 6:28:43 PM
From: Snowshoe	Read Replies (2) \| Respond to of 306849

Some followup: A big problem in Alaska in the early eighties was that the state used it's oil wealth to subsidize the real estate market. Because of the high cost of housing, the state set up the Alaska Housing Finance Corporation (AHFC) to dole out vast amounts of easy money for home loans. The direct result of the extra money flooding in was ... higher home prices! This led to a huge building boom and an eventual over-supply crash, made worse by the crash in the price of oil. My concern is that Greenspan may now be doing the same thing on a national level, by greasing the housing market with easy credit.