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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (37345)	8/20/2003 11:12:55 PM
From: EL KABONG!!!	Respond to of 74559

Hi Haim, Well, you're getting a bit too technical for me, as I'm certainly no expert on housing and mortgages. I decided to pass on the housing industry, and the mortgage industry (as a potential long investment) many months ago now, sometime shortly after Jay Chen may have sneezed, and I got worried... <g> Seriously, I merely posted the article to provoke discussion. But I do believe that housing prices (in general) are probably at or near their highs right now, because in the not too distant future there will be oodles of baby boomers all trying to sell their homes at the same time, to cash out equity to fund their collective retirements. Too many sellers and too few buyers will equate to a big pricing problem in housing, where the remaining balances on existing mortgages may very well exceed the market value of the underlying asset(s). KJC