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

To: mishedlo who wrote (41082)	9/9/2005 10:23:14 AM
From: John Vosilla	Respond to of 306849

Yeah demographics, cheap open land for growth, creative marketing and financial engineering keep the spending party going here. Savings for many is nothing. So a larger percentage of the working class is saving zero compared to prior generations but is that in itself a big deal? As long as they have credit and a job it seems like a wash. No doubt more and more take a step down as net worth and savings remain abysmal with incomes not keeping up with rising costs of living. But will they even feel it as long as they have their precious electronic toys, gadgets and latest fashion accessories available to the masses in this country? You might not be factoring in the incredible wealth generated by a decent percentage of the total population not caught up in the ponzi scheme in certain RE markets like never before that has a ton of cash and liquidity. Since most of these folks do live in the bubble markets a stagflationary scenario with double digit interest rates is what will really put a major dent in their net worth tied to property, stocks and bonds that most would all take a big dive.