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

To: Bank Holding Company who wrote (251119)	6/1/2010 2:50:45 AM
From: The Reaper	Respond to of 306849

I'm convinced that is where the money is coming from for any consumer spending increase. It's going to be a good Christmas for some folks this year. Too bad these people aren't saving the money for the time when they are finally booted out of their house. I don't think these folks are thinking ahead at all. They're going out and blowing the money every month. Just IMO.

To: Bank Holding Company who wrote (251119)	6/1/2010 10:46:01 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

yes, here's your 'recovery' so lets see, 650,000 households not paying mortgages for 18 months, (i think that number is probably low, but we'll go with it for now) multiplied times $1500 (reasonable number for average mortgage).... nets you nearly one trillion disposable "income" per month indeed, we are truly blessed, while blankfiend continues doing god's work Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino. "Instead of the house dragging us down, it's become a life raft," said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. "It's really been a blessing."