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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (1748)	5/23/2003 11:34:32 AM
From: zonder	Read Replies (1) \| Respond to of 4912

we wonder where all the money is coming from My guess - Mortgages made oh so attractive by the negative real interest rates.

To: GraceZ who wrote (1748)	5/24/2003 1:36:25 PM
From: benwood	Respond to of 4912

Low mortgage rates sited as #1 driver; the other driver is the class on the receiving end of the great wealth transfer (thank gawd they got a tax break): "...there's another seldom-discussed factor that's very, very powerful..." "That's this country's concentration of wealth. [...] 6 percent of the population drive the real-estate economy by buying new or existing homes annually, Baker says. And disproportionately they're those earning the top tier of incomes. " archives.seattletimes.nwsource.com