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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Anybody who thinks that housing prices can't CRASH isn't playing with a full deck.....
Look at the number of homes being sold with Interest Only Loans...and those come do within a few years at which time the home owner has to refinace at the current rate...which is GUARNTEED to be higher than the current rate....the BULL MARKET in Bonds is OVER....uncertainity in the world situation is part of the reason why US Securitys are being bought by foreigners...Anyway the Interest Only Loans are being sold because it is the ONLY WAY for people to be able to AFFORD the high prices of RE....
Markets over time CORRECT EXCESSES.... and those PMI Insurance boyz aren'y whistleing Dixie for nothin...
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"Some Observer"
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