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

To: orkrious who wrote (71342)2/3/2007 2:03:55 PM
From: jimmgRead Replies (1) | Respond to of 306849
 
If you were really so convinced you're right, you wouldn't be capitulating by buying a lakefront home right now. You've waited all this time, I would think you'd wait for the true credit bubble burst before buying. The credit bubble is still expanding. True credit bubble burst will decimate housing.



To: orkrious who wrote (71342)2/3/2007 2:06:44 PM
From: jimmgRead Replies (1) | Respond to of 306849
 
<<until now the top 5% have done fine. everyone else is getting squeezed. the economy can't run on Coach and Nordstrom's.>>

Walmart just reported today that January comparable store sales growth accelerated to a multi-month high of 2.2%. Comparable store sales in dollar terms are a record high.

Low end appears to be doing fine as well.

Everybody wants more shit. Bigger house, bigger TV, bigger yard, a pool, nicer car and on and on.


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