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

To: jimmg who wrote (71339)	2/3/2007 1:58:55 PM
From: orkrious	Respond to of 306849

that sure looks like it leveled out after 9/05. it also doesn't break down into income groups. until now the top 5% have done fine. everyone else is getting squeezed. the economy can't run on Coach and Nordstrom's. the middle class and below have been squeezed for years. there's nothing left there except debt.

To: jimmg who wrote (71339)	2/3/2007 1:59:52 PM
From: orkrious	Read Replies (2) \| Respond to of 306849

I'm glad we've had this chat. it makes me even more convinced I'm right. <g/ng>

To: jimmg who wrote (71339)	2/3/2007 4:10:11 PM
From: SouthFloridaGuy	Respond to of 306849

Great chart. Looks to me like Americans have realized that stuffing your money in the bank is a useless affair. Better to be part of the game. Far more productive way of enhancing wealth. Personally I only keep about 12k of monthly living expenses in the checking account at any given time. The rest is in the "casino" as many on this board would have the populace believe.

To: jimmg who wrote (71339)	2/4/2007 2:04:42 PM
From: Think4Yourself	Respond to of 306849

The average American is only worth $55,000 net? That explains the explosion of subprime borrowers during the housing boom, and why funds for the huge subprime borrowing market have vaporized in the last two months. This new development, the vanishing of the subprime market, virtually guarantees all by itself that there will be no return to a housing boom this spring. The only places that will be booming will be the companies processing foreclosures. No subprime market, no new buyers.