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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (246)7/21/2003 5:50:58 PM
From: re3  Read Replies (1) | Respond to of 110194
 
<<<worth

perhaps right now...but how does the house at 65k compare to income levels then vs the 200k on paper compare to income levels now ?

also, i don't know how far back you are going but these days, while people chortle about the low interest rates, it takes two incomes to cover family needs, PLUS, the parental unit has contributed to the down payment, PLUS, the basement is often rented out...nothing left to tap if things don't work out...



To: Little Joe who wrote (246)7/21/2003 9:25:00 PM
From: russwinter  Read Replies (5) | Respond to of 110194
 
Ok then for sake of argument and for what it's worth, I grant you that real estate is a "hard asset", but IMO it's a very bad one that will be impacted by credit conditions. RE and homes are delicate subjects with most people. I usually find plenty of interest in my views, until I mention RE's role in the current bubble. At that point the listener quickly loses interest in my message.


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