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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: t4texas who wrote (10779)	3/24/2004 11:15:30 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 110194

t4texas - exactly! Boy does your short statement say a lot. Anyone and their cat can get a loan for a new home and can do so almost on a whim with virtually nothing down. They have almost nothing invested and so if housing prices go down they have nothing to loose by forfiting on their mortgage! They just can go back to renting - which is where they should be! They will only "get religion" if inflation roars and their equity is suddenly significant. AND for the life of me, I cannot get a good handle on which way this goes! steve