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


To: damainman who wrote (34388)6/24/2005 2:23:25 PM
From: bozwoodRespond to of 306849
 
Maybe homeowners tapped out in terms of equity loans, etc.?



To: damainman who wrote (34388)6/24/2005 2:34:27 PM
From: Mike JohnstonRead Replies (2) | Respond to of 306849
 
Prices in CA are so out of whack, that at this point low interest rates cannot provide further impetus to the expansion of the bubble. The are signs that buyers are tapped out. IMO the only thing that is holding this up are interest only loans and prop 13.

Great piece by Steve Roach

morganstanley.com