Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Elroy Jetson who wrote (18332)	9/2/2004 8:14:19 PM
From: Ramsey Su	Read Replies (1) \| Respond to of 110194

NS I think most reasonable people (that rules out the economists for fre, fnm, nar, mbaa, etc) would agree that the wild appreciating days are over. We are now wondering if we are going to have slower but still appreciating market, or soft patch (whatever that means), or soft landing, or straight down, which I define as 20% down within 6-12 months. The impact to areas such as Southern Cal could be huge since it created so many high paying jobs. Do you know a journey level escrow officer is paid $60k a year + commission. How about all those form fillers aka residential appraisers? At $500k a pop, a real estate agent can make a pretty decent living with just a handful of sales a year. Don't forget all the mortgage brokers who picked up a point or so from each refi from the same clients a few times in the last few years. There are a lot of high paying jobs that are going to vanish, or are going to become much lower paying jobs.