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


To: Les H who wrote (37428)8/9/2005 7:14:45 PM
From: Les HRespond to of 306849
 
Housing bubble RIP

interestalert.com



To: Les H who wrote (37428)8/9/2005 7:54:56 PM
From: Jim McMannisRespond to of 306849
 
RE:"2000: 1.1 percent
# 2001: 1.8 percent
# 2002: 8.2 percent
# 2003: 16.7 percent
# 2004: 39.2 percent

Holy Mackeral...and 2005?



To: Les H who wrote (37428)8/9/2005 9:22:07 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
"Of Fort Collins' April purchase loans, 42 percent were interest-only mortgages, in addition to 33 percent of refinances, according to LoanPerformance, a San Francisco real estate information service.
"

That brings up the whole question of "what's a bubble". I don't think a prevalence of flaky mortgages makes one. I think it's overpriced housing (which would cause a prevalence of flaky mortgages). But I think you can have a lot of flaky mortgages without overpriced housing. Which brings up the, "what's overpriced" question!