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To: patron_anejo_por_favor who wrote (77718)	7/21/2003 9:32:55 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Agree. Right now we might be seeing the sweetest spot, when the sellers still get high prices and the buyers can still afford them. It won't last. Who will turn out right in he end - today's buyers or sellers - will depend on whether inflationary or deflationary forces will come out on top.

To: patron_anejo_por_favor who wrote (77718)	7/22/2003 10:39:18 AM
From: yard_man	Read Replies (1) \| Respond to of 209892

I dont think we can "Agentina" -- I think his other comment is right ... we can get higher rates sustained for a bit, but when it is clear that there is going to be no recovery -- rates will come back down -- but that may be a good while -- these things always happen more slowly than one expects. For the time being, I think we are early in the bond selloff and higher rates WILL ding (read stall appreciation) housing prices faster than most think ... (how's that for inconsistency <g>)