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


To: CalculatedRisk who wrote (30737)5/25/2005 11:41:36 AM
From: ild  Read Replies (1) | Respond to of 116555
 
What top? Top of RE bubble? Top of new construction?

It may well be the top of the RE bubble, but it doesn't have to be the top of new construction. As many builders have loaded on expensive land I expect them to keep building as much as they can before they file for BK.