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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (74891)	3/13/2007 7:09:10 PM
From: Real Man	Respond to of 94695

Doesn't seem to be a bubble, but then again, some areas just went nuts. Some areas in FL went up 50% a year before the bubble did burst there. All these 0 downpayment teaser subprime loans have accelerated demand, and supply. The goal (AG) was to bail out the stock market bubble. Well, Houston, NOW I think we have a problem - the rates on teaser loans made in 2004-2006 are shooting up, and folks with 0 down are bailing. The credit standards tightened due to increased defaults, so no buyers either. I think this market drop is a bit engineered, to get the rates back down and help housing. The Fed is not printing yet, but once they start, the market could recover, as it always did, who knows. Nothing like Japan, though. Wasn't it that the land under the Imperial Palace in Tokyo was worth more then the state of CA or something? -g-