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To: The Freep who wrote (77714)	7/21/2003 9:11:22 PM
From: ajtj99	Respond to of 209892

Well, you're in the boom/bust part of the country. I'm in a more stable area that doesn't particpate in either extreme. I could also just raise the price and offer zero percent financing like the automakers <G>

To: The Freep who wrote (77714)	7/21/2003 9:17:29 PM
From: skinowski	Respond to of 209892

this real estate bubble started with HIGHER rates Yes, but it also started at lower prices. Rate cuts helped inflate the bubble and caused something of a panic buying. People who didn't buy have been wrong big time for years now, and are under pressure to buy. But just as fast, they will turn around and start waiting out for lower prices if the market start cracking. However, today's buyers may turn out to be in the best position imaginable - that is, if we get a major bout of inflation. In an extreme case it is possible that their payments may become trivial. Not a bad deal. I am not selling all of my RE holdings.