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

To: GraceZ who wrote (56126)6/15/2006 11:31:39 AM
From: John VosillaRead Replies (1) | Respond to of 306849
 
'Now we have a 67% ownership rate for households, that means 80 million household own, so if 55 million own outright, that is the majority of households.'

You can bet a big part of that group is retired and very conservative with their money and use of debt. Both their offspring and financial institutions will do everything they can to tap that equity in coming years.



To: GraceZ who wrote (56126)6/15/2006 11:41:20 AM
From: Live2SailRead Replies (1) | Respond to of 306849
 
When was the last time you bought a house? Are the people you describe the people who have been setting the prices for the last five years?



To: GraceZ who wrote (56126)6/15/2006 10:25:35 PM
From: mishedloRead Replies (2) | Respond to of 306849
 
So that means that 70% are completely at the mercy of the 30% that go bankrupt.

Is that what you are saying?

If so I agree.

Mish


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