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

To: Paul Kern who wrote (79441)6/13/2007 8:04:41 AM
From: Mike JohnstonRead Replies (1) | Respond to of 306849
 
Maybe some day the pendulum will swing back in the other direction:

-50% downpayment required
-Max 25% housing payment to income ratio
-savings in the bank equivalent to 12 mortgage payments

-g-



To: Paul Kern who wrote (79441)6/13/2007 8:10:17 AM
From: Mike JohnstonRespond to of 306849
 
Just write on the blackboard 100 times:

It's different this time.

Or maybe better instead to have a small sign on the desk that says: Federal Reserve / Treasury / Plunge Protection Team / Goldman Sachs

Maybe could save a few from losing too much on the short side.


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