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

To: bluepearl who wrote (34629)	6/29/2005 1:03:15 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

AS Darffot said "..The housing bubble is helicopter money, the most blatant kind of inflation there is" which I totally agree with it is so ironic Greenspan never thought it as a negative the wealth effect generated by home appreciation far exceeding inoomes and rents. Outside of the dotcom mania at the end much of the 1990's growth was in the real economy and the stock market just reflected that until 1999. The current monster IMHO needs to be pulled more by some combination of tighter underwriting, 20% down on any property not the primary residence, banish any new IO and negative ARM loans or reverse some favorable tax shelters of RE.