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

To: Jim McMannis who wrote (21679)	6/15/2004 4:54:32 PM
From: George8	Read Replies (1) \| Respond to of 306849

Why not? All statistics keep saying 20% (I'm saying the recent data on L.A. and Orange County) increase in a quarter.

To: Jim McMannis who wrote (21679)	6/16/2004 4:26:39 AM
From: Amy J	Read Replies (1) \| Respond to of 306849

Jim, RE: "As for the under 30 crowd...at some point they will have to throw their hands up. " Demographically speaking they seem more conservative and will probably just move back in with their Mom & Dad. (When I moved to Silicon Valley, I was really surprised at the large number of 20+year olds that live with their parents. Especially common with Asian famlies.) Used to be the norm in this country. One way to reduce the Baby Boomer Soc Sec problem is by having the 20-set take care of their baby boomer parents. By lowering interest rates a lot so housing prices drastically increase out of reach for the 20-set, this could help create a financial motivation for the 20-set to take care of their baby boomer parents in exchange for a place to live. Otherwise, there's always 50-year mortgages they could get. On a different note, the crime rate hasn't increased as much as one might normally expect for a severe downturn - possibly due to the ability to refinance out of a bad spell? What I'm wondering is, what happens when all refinancing opportunites have been exhausted? Will crime shoot up? Regards, Amy J