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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (308211)	10/30/2006 4:17:09 PM
From: Road Walker	Read Replies (1) \| Respond to of 1578302

re: So then, if the perfect storm of negativity that hit LA in the early '90s couldn't destroy its housing market, why would I believe the current malaise will? A few things I think are different: 1) there has been more speculation in this housing boom than I remember in my 57 years, and if things start to break really bad that's a lot of inventory; 2) I don't think there has ever been this level of borrowing against home equity. I could be wrong but I think we have a way to go... both in time and price depreciation. If we get a recession I think it will become serious. I sincerely hope I'm wrong.