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To: MythMan who wrote (350886)	12/12/2007 7:39:30 AM
From: Real Man	Respond to of 436258

They already fell 20% just due to lower dollar, and then some cause they also fell in nominal terms. Another 30% dollar drop, and they stop falling. Houses are made of stuff, and rates are coming down fast, and that stuff ain't getting any cheaper. I also sense a pretty universal bearishness in that area, with folks throwing themselves out of the windows -g- Maybe the fall does not reverse today, but it's gonna, and soon. -g- Well, unless da s. hits da fan in a form of the dollar crisis. I mean, LT interest rates go sharply higher, then we'll have a major trouble. Then again, such an event will likely be accompanied by a major dollar drop, and stuff won't get any cheaper, more likely it will skyrocket in price. Although I would not expect that housing prices will outperform real inflation, they should go up some nevertheless -g- Kind of like the spoos you love so much -ggg-