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

To: MulhollandDrive who wrote (119122)	4/29/2008 12:01:48 AM
From: Jim McMannis	Read Replies (3) \| Respond to of 306849

Mortgage legend says price slump deeper than seems news.yahoo.com BEVERLY HILLS, California (Reuters) - The man credited with developing the financing of the modern U.S. mortgage industry says home values have fallen more than their listed prices suggest but they could hold steady with the help of a bill in Congress. "I think the actual price declines are bigger than the indexes are showing, since so little is being sold," Lewis Ranieri, CEO of Ranieri & Co., said in an interview on the sidelines of the Milken Institute Global Conference. more

To: MulhollandDrive who wrote (119122)	4/29/2008 12:23:41 AM
From: Moominoid	Read Replies (1) \| Respond to of 306849

Interest rates are 7.25% (mortgage rates 9.4%) and gasoline is $US5 per gallon and yet the economy seems to be chugging along mostly OK here in Australia. It's strange how that can be.

To: MulhollandDrive who wrote (119122)	4/29/2008 12:30:14 AM
From: Lizzie Tudor	Respond to of 306849

hey Mulholland the problem with the USD is due to government overspending, because we are spending 11 billion per month in iraq, plus huge unfunded entitlements like the medicare drug program which is a one trillion dollar unfunded liability, in addition to the huge pork programs created by this congress and the Bush administration. In fact the size of the government has increased over 40% in this decade, theres your problem. If interest rates were 10% right now, we would still have a crashing dollar due to this overspending. Sorry but those are the facts. Its amazing listening to republican apologizers these days.