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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (44672)	1/17/2006 10:08:57 PM
From: Broken_Clock	Respond to of 116555

I disagree. Why would i have to move to a less expensive home? I can buy with stated income(show that wad of cash in the bank!) and preety much buy whatever I want within reason. Once the first sale is made and all that equity is sloshing around in a money market accout or CD's, the lenders will give me whatever I want. the trick is too shift into a different local or buy spec lots or houses before the first is sold. What you enbvision is happening by the way. Flyover country and mountain states have reported record numbers of Californians moving in. So they are selling high and buying low. They just can't do it in california. Once you left the market, it was too hard to buy back in cheaper. Not totally impossible to do, but it requires more skill than most specs have. I still haven't seen you produce any aggregate numbers. I'd be interested in seeing Ramsey's opinion on this...or loantech. I think perhaps you and I will disagree.