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

To: Steve Lokness who wrote (15929)	6/27/2004 1:22:29 PM
From: Haim R. Branisteanu	Respond to of 110194

I said that more or less in my last sentence.Supply is outstripping natural demand of about 1% population growth and 1 to 2% replacement (asuming average life of a dwelling around 50 to 75 years)

To: Steve Lokness who wrote (15929)	6/27/2004 10:16:14 PM
From: Activatecard	Respond to of 110194

While supply of housing has really only one factor, how many,demand has at least two, those who wish to own a home, and those who qualify for a mortgage. 30 days after bankruptcy, most will qualify for a mortgage, a truly incomprehensible situation. Why? Because Fannie and Freddie buy everything and the originator of the loan doesn't give a big rat's ass if the mortgage gets paid. Additionally stupid, the majority of home loans for those under 30 are interest only ARMS. It's not that traditional 15 or 30 years mortgages build much equity in the first few years, but rather that the buyers are betting on the come. Just a different manifestation of the greater fool theory of NASDAQ 5000