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

To: jimmg who wrote (71325)	2/3/2007 12:02:03 PM
From: orkrious	Read Replies (1) \| Respond to of 306849

Overall employment is still very strong That's because housing employment is just now dropping off. The economy was supported by the housing ATM and the ATM has dried up. It takes time to filter through the economy. inventories in the hot areas like Orange County and San Francisco California are well down from their highs last Summer. Look at the charts Calculated Risk has and look read the CI article I linked. Your argument is the same as the one everyone used in Japan in 1981. The few people who can't afford their arm resets won't tank the entire market. There are more than a few and prices are set at the margin. I'm not going to change your mind and you won't change mind. We'll have to agree to disagree and revisit the issue no later than August.