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


To: shades who wrote (38358)8/17/2005 11:52:16 PM
From: CalculatedRiskRead Replies (2) | Respond to of 306849
 
Freddie Mac: Cash-Out Volume Prime Conventional Loans
calculatedrisk.blogspot.com

A table since '93. Freddie Mac is now reporting $102 Billion in equity extraction Refis in first 6 months of '05.



To: shades who wrote (38358)8/18/2005 5:46:41 AM
From: OblomovRead Replies (2) | Respond to of 306849
 
A housing derivative market already exists, on a small scale:

hedgestreet.com



To: shades who wrote (38358)8/19/2005 6:08:32 PM
From: David JonesRead Replies (2) | Respond to of 306849
 
>>>>>I am convinced if shiller had his house derivative market, and a big crash was coming, the rich would find some way to socialize the loss no matter what safeguards shiller thought he could build in<<<<<

You could very well be correct. It's just another tool to extract money by some middle man. We have PMI already now we need a derivatives market to protect the value of the asset too? What was it Buffet said about derivatives? I'm fairly certain he said he wasn't found of them.