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

To: Mike Johnston who wrote (80055)	6/25/2007 11:50:27 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'Of course, even if nominal prices stay flat, many homeowners will be crushed by soaring living costs, taxes etc and of course inability ( or lack off) to pull equity out.' They get crushed in the near term even more if interest rates move up in a major way.. Once we get stability at much higher rates and inventory gets absorbed and debt cleansed then rents dramatically rise and prices not far behind like the 70's.. Whether it is a 'V' or 'L' depends on what the fed can do down the road.. Still we are all unsure to the extent and magnitude Wall Street and our esteemed financial institutions take a direct hit from all this in the next couple of years..