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

To: zebra4o1 who wrote (22054)	7/9/2004 9:08:46 PM
From: Tradelite	Respond to of 306849

<<But the path dependency - which is a proven academic fact used to price mortgage backed securities - means that there will be no demand left at 7%, because almost everybody who needs to refinance or buy a house ALREADY HAS!!!” >> Yeah, right...satiated demand and all that....except that the next buyer any Realtor on the street is going to meet doesn't fit in this category and wants to buy a house. I keep trying to convey the demand/supply thought in the time I've been posting on this thread (though maybe no one believes it) that more and more buyers are coming down the pike. Demographics....population growth.....it's happening....the number of new elementary-thru-high schools built within 20 miles of Wash DC in the past several years is fairly astounding. People are multiplying like rabbits in any area where they can find jobs. They raise families of other rabbits, and all those rabbits need housing eventually.