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

To: mishedlo who wrote (46176)	12/27/2005 9:20:20 PM
From: paul ross	Respond to of 306849

When a loaf of bread is $20, a $1m 1200' tract house will be "reasonable"...The housing price just got there first

To: mishedlo who wrote (46176)	12/28/2005 12:03:12 AM
From: bentway	Read Replies (1) \| Respond to of 306849

Maybe he means when your paying $60k for your next Honda Civic, your $500k mortgage won't seem so steep?

To: mishedlo who wrote (46176)	12/28/2005 1:36:38 AM
From: Proud Deplorable	Read Replies (1) \| Respond to of 306849

Here's what's in the cards. The Chinese and Japanese will wait for the US property crash which is inevitable. If it doesn't unfold as fast as they would like they are in a position to crash the housing market in the USA faster by not buying any more treasuries thus sending interest rates way up as the dollar crashes too fast. Then the asians move in for the kill buying everything in sight at bargain basement prices. Welcome our new landlords. They worked hard and were shrewder and so they deserve to run the USA. Question is in my mind is who in their right minds would want to.