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

To: GraceZ who wrote (29061)	4/3/2005 10:13:32 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 306849

If it all really doesn't matter, and it's no big deal, you may find better efficiency reading about investments in another forum... Stock market crashed and we're all still alive. Real Estate market may crash and will get through that to. And $350k bonuses for the average 30 year old in the hedge fund industry will go away and nobody will have to change their lifestyle. None of these things are inter-related! La Di Da Di Da.

To: GraceZ who wrote (29061)	4/3/2005 11:07:24 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

My response was that those with little equity wouldn't lose anything since they had nothing invested to lose, it would be the banks which would lose (or those holding the notes). Others, the majority, who have lots of equity invested will continue to live in their homes and pay down their mortgages True that the banks will lose the most but these consumers foreclosed on will spend much less and be unable to access credit or use their home like an ATM anymore thus hurting the overall local economy. Plus I doubt they'll be making another home purchase for a long time. I would also guess that there is less of a majority with tons of equity in the bubble markets as there were in the 1989 top. Those who bought in outrageously priced bubble markets recently or refied to the max will be slaves to their mortgages for life. I doubt Americans today have the kind of resolve of prior generations and have more obstacles faced than any since the end of the great depression and WWII.