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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (13550)9/8/2003 1:24:23 AM
From: biometricgngboyRead Replies (1) | Respond to of 306849
 
Talbott's next paragraph:

"If rates decrease in the future, things also look quite bleak for housing. While the qualifying formula will justify higher and higher amounts of leverage, we would expect foreclosures and bankruptcies to explode. The reason is that if long Treasury rates drop below 3 percent, there is a high likelihood of a deflationary spiral, a danger we have not faced in tis country since the Great Depression."


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