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

To: gpowell who wrote (49387)	3/3/2006 12:30:27 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

A combination of higher long term rates, higher unemployment and tighter credit hurt housing in bubble markets pretty dramatically. Very low rates in Mish's deflation scenario put a lid on the drop.

To: gpowell who wrote (49387)	3/3/2006 12:36:47 PM
From: Schnullie	Read Replies (2) \| Respond to of 306849

All the data I have reviewed or developed indicates that house prices since late 2005 fully reflect current conditions with respect to: buyers income, equity holding preferences, morgage rates.... What do you mean by "since late 2005"? Are you saying that housing price appreciation simply reflects long-term 5% inflation? If so, how do you reconcile the net negative national salaries recently calculated for the last 3 and I believe 5 years with the doubling and tripling of home prices over the same period? Not to mention 2 - 3 % inflation rates?