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

To: John Vosilla who wrote (34631)	6/29/2005 5:12:08 PM
From: patron_anejo_por_favor	Respond to of 306849

>> 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<< All of that makes more sense than leaving it up to the Fed to raise short term rates and kill the rest of the economy. But it would require Congress to grow a spine and that's not gonna happen (particularly with the ban on stem cell research!<G>)