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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Silver Super Bull who wrote (27335)	2/3/2003 8:39:49 PM
From: Victor Lazlo	Read Replies (3) \| Respond to of 36161

I recently read a stat in busweek claiming that overall personal debt to income ratios are not any higher that avg for the last 30 years. The higher end houses are definately taking longer to sell and are being repriced lower, but the middle and starter home segments won't get hurt much unless things get significantly worse economically, which i wouldn't rule out.

To: Silver Super Bull who wrote (27335)	2/3/2003 9:55:12 PM
From: LLCF	Read Replies (2) \| Respond to of 36161

<RE: <I don't suppose you realize that over %40 of homes are owned outright.> This is not bullish... in fact it's bearish as it means the statistics out there one the debt loads are much worse for those that ARE in debt [the other 60% have the agreggate debt]. Besides, any market is ruled by the marginal sell or buyer. All you need is a couple of comps @ 210,000 vs 30000 last year to put thousands of loans underwater. That seems like a big drop, but don't fool yourself... forclosures get sold with or without liquid markets. DAK