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


To: Jim McMannis who wrote (54201)8/2/2006 12:23:27 PM
From: ChrisJP  Respond to of 116555
 
Hi Jim -- my points exactly.

Just because RE transactions are slo-mo compared to stocks doesn't mean that prices won't crash.

And yes, 1991 was mostly a commercial boom but here in DC home prices declined 10% or so.

This time it will be much worse for homeowners (I mean mortgage owners, lol).

Chris