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

To: RealityNotFantasy who wrote (27763)	3/4/2005 9:29:03 AM
From: Micawber	Read Replies (1) \| Respond to of 306849

Mortgagees don't understand that renters have no equity in their apartments? What are you talking about?

To: RealityNotFantasy who wrote (27763)	3/4/2005 11:52:14 AM
From: John Vosilla	Respond to of 306849

It seems that people in a newly enriched metro don't comprehend that their enrichment can make them a victim of their own success Prior upswings in housing prices were accompanied by increases in rents and wages. Not so this time which makes it a downright scary proposition for those highly leveraged in many of these bubble markets using their homes as an ATM. A new ownership society that is nothing more than a creation of a new class in bubble markets that are slaves to their mortgages temporarily pumping up local economies employment and spending patterns.