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

To: Jim McMannis who wrote (237698)	2/5/2010 12:37:49 PM
From: Broken_Clock	Respond to of 306849

95% of all residential lending if gov't backed right now. The only thing propping up the market is the gov't by MBS from the banks.

To: Jim McMannis who wrote (237698)	2/9/2010 9:35:40 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'Unless they continue to do this RE will crash, it's still way overpriced. How long can they do it?' Where is it still overpriced in our state except single family in some exclusive areas along the coast? I would tend to agree with you on the gateway cities. Many areas there just seem way overpriced today and unaffordable. Something has to give and my two cents is they correct further when/if long term rates rise a few percent. Catch 22 if you are waiting in those places cause your monthly payment might not be lower at all. Best to be where it has already crashed and burned a while back and we can put the bubble behind us<g>. I don't think for a moment this will crack the economy. It didn't as many of those same late stage places like coastal CA and the big cities of the NE were still dropping in 1992-95.