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

To: Robohogs who wrote (31445)	5/18/2005 9:54:39 AM
From: 10K a day	Respond to of 306849

BUT there was an article yesterday in WSJ where median spending was above median income by like $5K annually (order of magnitude of 10+% of net income). How can this go on? I'm sure this was a rhetorical question. But i'll take a stab. -g- I see a ghostbuster type revelation with insurance co's, housing, drug industry, oil, defence,....everyone is feeling fat and happy right now because they just made 200K by doing nothing .....But Wait....somebody just threw the Koran in the Kohler... It's like an OH MY GOD phenomena....when the world suddenly wakes up....it's like a grateful dead jam tune....u r the eyes of the world.... we are living in a nasdaq fantasy tech bubble....brought about by everything that everyone is talking about here.... no more rhetorical questions for me....i got answers now. :)

To: Robohogs who wrote (31445)	5/18/2005 11:41:12 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

They can keep an average $5k annual deficit going in bubble markets as long as homes keep appreciating $50k per year. Foreclosures already are at very high rates in much of flyover country as folks aren't bailed out by cash out refi's. It is really incredible our suppossedly conservative president, congress, fed chairman and bank executives all of whom remember the previous disaster a little over a decade ago have let it come to this. Amazingly, I don't see a collapse anytime soon without some external shock.