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

To: Tradelite who wrote (14873)	11/6/2003 11:49:20 AM
From: russwinter	Respond to of 306849

I think you need to take a hard look at the various government sponsored entities (GSEs). They in turn get most of their money from the Asians, who are trying desperately to peg their currencies. It's all at Epic Bubble (I'm not going to start all over here), go through it and you will understand a lot more. Subject 54034 Tens signs that you’re in an historic credit bubble: 10. Your neighbor buys a $40,000 SUV with his home equity line and tells you proudly that, "It's paid for." 9. Your mother-in-law enrolls in community college in order to enhance her lifestyle with student loans. 8. You buy a complete set of living room furniture and you don't have to make a payment for three years. 7. The economy is growing at 7% and the Fed Funds rate is at 1%. 6. Housing inflation in California is growing above 20% and the Fed Funds rate is at 1%. 5. GM makes more money off mortgages than from its core business. 4. You receive enough credit card solicitations to financially engineer a leveraged retirement twenty years early. 3. Your credit union is now offering an 8-year car loan and a 40-year mortgage and is proudly growing its asset base at 30%. 2. An interest only variable mortgage enables a McDonald's employee of the month to buy a $405,000 house (average price in California). 1. Your Fed Chairman's name is Alan Greenspan.