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

To: CalculatedRisk who wrote (35188)	7/12/2005 1:01:07 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 306849

One of the many arguments brought up by those who say that this boom will continue is "population growth" and immigration. IMO at some point, as prices reach a certain level, bubble areas will experience reduction in population growth and immigration. Why would somebody immigrate to CA if he could not afford a roof over his head ?

To: CalculatedRisk who wrote (35188)	7/12/2005 1:18:12 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

"The administration will continue to monitor" developments in the housing market, Bernanke said. "However, our best defenses against potential problems in housing markets are vigilant lenders and banking regulators, together with perspective and good sense on the part of borrowers." Anyone think perspective and good sense on the part of the borrower has increased in recent years? Or that lenders and bank regulators have actually been vigilant? What a bunch of bs. The fact that no one wants to admit reckless lending and borrowing on the consumer and residential RE sides have reached heights never seen before shows how desperate our leaders are to keep this reflation policy going.