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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (77731)	4/15/2008 4:16:46 PM
From: mishedlo	Respond to of 116555

Record Home Price Drop In Southern California globaleconomicanalysis.blogspot.com Neither the NAHB nor the NAR saw this coming, but somehow they know what the answer is. The answer is always the same: more handouts to the NAHB and the NAR. Unfortunately political pandering won the day, as it typically does. Mish

To: Dan3 who wrote (77731)	4/15/2008 4:54:06 PM
From: koan	Read Replies (3) \| Respond to of 116555

1980 interest rates: I had just finished graduate school and my mom got sick, so I went down to California to fix up her house, sell it and move her up here to be near me. It took two years to sell it and the person had to get an interest rate of 14.5%. I then bought a duplex for my mom and she paid 13.5%. What peaked my interest is that I do not hear anyone (cnbc pundits, or others) talking about how inflation wll push up interest rates. Just imagine the present sub prime problem with 12% interest rates. I am in the real estate field. The impact on the present sub prime debacle is unimaginable. It could easily turn a recession into a depression.