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

To: Smiling Bob who wrote (168647)	12/3/2008 12:34:30 PM
From: ChanceIs	Read Replies (1) \| Respond to of 306849

>>>An auto bubble- much like the housing bubble.<<< Bingo. If you listen to the Warren lecture, she says that the average retention period of an automobile is currently two years longer than it was in '71. You may need to check me on that. Most of her lecture was based on January 2002 vice 1971. It seems to me that people would be keeping their cars perhaps five years longer today than in '71. She definitely said "two years longer." And that was before the current downturn hit in force. Throw in the withdraw of financing/leasing from Detroit and you have a car bubble exactly as you suggested. And it is a global bubble. Of course the government is bailing out auto loans and credit cards in addition to mortgages. Everything will be fine by March.