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

To: Live2Sail who wrote (87198)	8/27/2007 6:14:59 AM
From: Think4Yourself	Respond to of 306849

If not for recent credit problems, the combination of terrific demographics, lower prices and sturdy income gains would be a recipe for recovery in housing. Yes, the combination would be a recipe for recovery. Too bad that recipe only exists in small pockets around the country. The demographics are such that larger than normal amounts of people are entering homebuying age. The number of people aged 25-29, considered the prime age group for first-time home-buying, is rising faster than normal and will continue to do so for the next decade Too bad that's one of the demographics losing their homes to foreclosure. His statistic is irrelevant to his bullish argument. I don't even know anyone over 21 who wants a house and doesn't have one...or should I say had one until recently. His statistic is irrelevant.