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

To: bentway who wrote (105009)	2/14/2008 12:23:12 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

Although we've been bashing Hawk, it's a fact that there's ample blame for the housing bubble to taint both parties. The pubs for pushing deregulation into areas it had no business being, and the demorats for pushing expansion of mortage lending to people who had no business getting a loan. Finally to both parties for raising the homestead exemption and creating a feeding frenzy around house flipping. Booyah!

To: bentway who wrote (105009)	2/14/2008 12:31:42 PM
From: Lizzie Tudor	Respond to of 306849

The Bush Administration let the housing bubble inflate Right, they did it deliberately because: - the jobs climate was crashing - wages falling for the first time since the 70s - inflation due to falling dollar they deliberately let the housing bubble happen because it was all they had to hang on to.

To: bentway who wrote (105009)	2/14/2008 12:40:21 PM
From: DebtBomb	Respond to of 306849

The dominoes are falling slowly, (munis now), like in a slow motion train wreck. The national anthem is over, we're in the 1st inning. The clowns on tout TV continue to debate recession.

To: bentway who wrote (105009)	2/14/2008 12:47:37 PM
From: DebtBomb	Respond to of 306849

The 2004 election was the turning point. I knew then....we were done for. Immediately after the election, 5 year Option Arms were created, and folks dogpiled into them in 2005 and 2006. Those things are "financial nuclear bombs" that will go off in 2010 and 2011. The administration told folks to "stay the course", and they did. And, they ran the Titanic straight into an iceberg. People are slowly figuring things out.