SI
SI
discoversearch

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 : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: steve from ihub who wrote (21895)1/21/2005 1:27:06 AM
From: John Vosilla  Read Replies (1) | Respond to of 116555
 
<the figure is closer to 60% of the homes imo and most of those were re fi'd 2 and 3 times>

And the values of those homes refied and part of the speculative bubble is significantly higher than the values in middle America. I bet at least 90% of the total market value of residential housing in this country is now part of the speculative bubble. It takes a lot of 80k homes in Oklahoma to equal a $640K home in California.