Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (37559)	8/2/2005 9:28:22 PM
From: philv	Read Replies (2) \| Respond to of 110194

"As Greenspan has said time and again, it is hard to get speculation in the primary residence market because you have to live somewhere." I don't know if I completely accept that. Many homebuyers are speculating. Many do not "need" to buy. They may have alternatives, such as renting, or not trading up. Some are maxed out and if interest rates turn up or the job market turns down, there will be many tears of regret. So what really is the difference between a single homeowner/buyer and someone who is "speculating" on a second home? They are both putting their faith in "G". G God Gold Greenspan