Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GraceZ who wrote (8157)	1/16/2003 3:03:39 PM
From: Elroy Jetson	Respond to of 306849

Cash-outs from mortgage refinancing, at $124 Billion over the past three years in the UK, more than accounts for the Total UK Trade Deficit of $106 Billion. Mortgage Cash-outs sent to China via retailers. mises.org

To: GraceZ who wrote (8157)	1/16/2003 6:28:13 PM
From: J. P.	Read Replies (1) \| Respond to of 306849

Grace, always nice to hear pontifications and worldviews forged from the friendly confines of your comfortable Maryland home. Correct me if I'm wrong, but your assertion is that to compete we must now accept living in the third world conditions our fellow immigrant job seekers are willing to live with. Ostensibly so that corporate executives such as HP's Carly Fiorina can cut a few bucks from her payroll to pad her own multi-million dollar salary. Also, do you have the evidence that California's economy depends on illegal immigrants? You mean SV comanies are meaningless when compared to domestic help and lettuce pickers? Also, I would say the jury is out on whether people can afford 300k starter homes just because they're selling. Let's reserve judgement until there is an uptick in interest rates and the recession drags on a bit, credit cards get extended, and there is no more Fannie Mae fun money left to tap via the reassessment and refi game. Also, we'll see how many sell when sellers are upside down and would have to pony up cash to get out. Sure they'll sell after the foreclosure, lol.