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

To: John Vosilla who wrote (86448)	8/21/2007 4:49:09 PM
From: Jim McMannis	Respond to of 306849

MD is right. It was kick started in 1997. And several times before that. Then Greenspan lowered rates to 1%. The money had to go somewhere. The party was on. I was listening to Wayne Angell the other day. He said He and Greenspan just lowered rates and flooded liquidity WITHOUT regard to where the money was going to end up. He said that's the way the FED does it. Well, the Stock market had already busted but Real Estate was ready and waiting helped by a whole host of tax incentives. The rest is history.