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


To: Crimson Ghost who wrote (29148)3/22/2005 11:01:18 PM
From: John Vosilla  Read Replies (3) | Respond to of 110194
 
And that plunge will be triggered by substantially higher mortgage rates and tighter lending standards.

And all this will take time. The housing collapse most likely will be a grinding down in the bubble markets over a period of perhaps as long as a decade. It won't just collapse overnight as Mish believes. Nor will the fed have the chance to immediately lower fed funds as if we just had a stock market crash or terrorist attack.

Personally I wish he was right. This bubble is getting annoying as are the people playing in the game. I love investing in real estate and wish I didn't have to wait perhaps 5 or more years to have opportunities again in my marketplace. In the meantime I'm patiently looking at investing in faraway places out of state as I wait.