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To: Bucky Katt who wrote (10834)3/4/2003 12:47:07 PM
From: RockyBalboa  Respond to of 48461
 
uh, another "irrational exuberance" call. Well, he predates it. So it looks like housing prices (or at least those being on the "ask") still go up for a little while, as prices do in every bubble, then crash.

"Greenspan said the ease with which home owners can tap into the value of their homes for finances helps buffer against economic shocks."

Yes, every consumer can do that one time.
But he doesn't have to repay it anywhere in the future? With what?