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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 (35276)	7/13/2005 1:48:55 PM
From: Jim McMannis	Respond to of 306849

The key: "at one time"

To: John Vosilla who wrote (35276)	7/13/2005 1:57:35 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

RE:"This begs the question have our leaders encouraged this out of desperation" I think it was a series of fortunate events kick started with the 1997 tax act then fueled by a series of events leading to easy money including NASDAQ crash and 9/11. Once the spigots were turned on the 65% of people that own homes started drinking. Greenspan was probably glad to see this happen. RE:"is there something in our future to replace this housing bubble when it dies a slow or fast death?" Let me know...always a bull market somewhere. I'd like to see some money rotate back into the stock market but it would take some tax breaks like RE gets to compete and time for people forget Y2k.