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

To: J. P. who wrote (155969)	10/9/2008 10:48:23 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>The whole house price party is just getting started.<<< FWIW: I spoke with a housing economist Tuesday. He said that the second down leg is getting ready to "feed-back" in. Didn't elaborate.

To: J. P. who wrote (155969)	10/10/2008 7:05:01 AM
From: Dan3	Read Replies (1) \| Respond to of 306849

Re: I think the house price shoe has not even dropped yet. That is the next big wave. When unemployment hits the defaults will really get rolling, and let's not forget everybody's 20% mortgage for their down payment is pegged to LIBOR which has about doubled this week. The whole house price party is just getting started. Working americans need to be able to pay back some of what they've borrowed - we need a retroactive FICA tax holiday that will extend into the next 2 to 3 years to give businesses and consumers confidence that they're going to have some cash available.