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


To: mishedlo who wrote (53602)7/19/2006 3:57:15 AM
From: marcher  Read Replies (6) | Respond to of 116555
 
Mike, Alexander's May 2006 PrudentBear piece suggests that 40+ year mortgages might keep the real estate bubble inflated, though he doubts it. Maybe that's what BZH is doing in the Sacramento area. I'm sorry if you've already addressed this, but why won't 40+ year mortgages solve the "I can't pay the mortgage" problem.

Thanks
--Marc