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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 (22869)8/3/2004 5:03:38 PM
From: Elroy JetsonRespond to of 306849
 
Keep in mind that inflation during that period peaked at a 22% annualized rate, which for the full year was something like 16.4%.

Mortgage rates of 18% were just slightly above inflation.



To: Jim McMannis who wrote (22869)8/3/2004 5:55:44 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
yeah I remember (vaguely) the 70s/early 80s housing frenzy which oil prices didn't affect as you say.

Its hard to believe we could be headed for that again, with prices already SO HIGH. Who the hell knows. I never thought I'd see the 70s again in my lifetime.


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