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To: Perspective who wrote (125081)	10/15/2005 2:16:25 PM
From: skinowski	Respond to of 209892

Very true. The RE bubble is part and parcel - and the centerpiece - of the whole issue. "Only" the Nasdaq collapse decreased the nation's collective wealth by several trillion dollars. If RE declines, along with paper assets -- I'm afraid to think how many dollars will go to money heaven. I think it is possible - to an extent - that RE may show some resiliency on the way down.... maybe as a result of a new fall in rates. But the impact of this will probably get swept away. Maybe it would be enough for a correction in the decline.... g/ng