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


To: KM who wrote (35377)7/15/2005 10:05:39 AM
From: Crimson GhostRead Replies (1) | Respond to of 306849
 
Just a small hill compared to the TRILLIONS of dollars of mortgage debt that has pushed the housing bubble to its current absurd heights.



To: KM who wrote (35377)7/15/2005 12:01:44 PM
From: damainmanRead Replies (2) | Respond to of 306849
 
Didn't the brokers automatically sell you off if your equity went below a certain amount? With investment homes, you have no such "protection".



To: KM who wrote (35377)7/15/2005 10:46:42 PM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
margin debt amounted to only several hundred billion at the peak, maybe $280 billion if memory serves. there was a lot more debt in the telecom sector, though, which floated off to money heaven. that was probably half a trillion or a trillion or something.
still, nothing compared to the $5-10 trillion that will go to money heaven when the RE bubble pops.