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


To: CalculatedRisk who wrote (43615)10/17/2005 7:45:49 AM
From: Ramsey Su  Read Replies (1) | Respond to of 110194
 
One of the arguments from the bull camp, against the probability of a real estate bubble, is how much equity there are in the average home. As prices come down, this "equity" evaporates.

For cash strapped states like California, are we ready for the wave of assessment appeals and vanishing property tax revenues?