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The real-estate cycle is about every ten years. There was a bust in the 60s, the
70s and the 80s. Now maybe in the 2002s. The thing is that prices never go down
to were they were in the last cycle. Inflation takes care of that along with
125% home loans. Are there any S&Ls left to go broke or does the Fed ultimately
hold all the paper once again? Oh! I almost forgot about all those mortgage
backed securities that the brokerage firms foisted upon the public once again.
Dorothy Carter wrote:
> cycles have to play out... you can't trick them to speed up... it's like
> asking a tulip to push through snow in order to bloom....... These larger
> cycles were in play before Bush became Pres. and prior to 911....... with
> large layoffs.. banks end up owning a lot of realestate.... in a few yrs..
> auctions at banks will be good fire sales...... have experienced this cycle
> before in Alaska back in early 80s.......... Now the post office bail out
> will be as costly as the airline bailout.... DEBT DEBT DEBT.. one small
> check from Uncle Sam won't last 1 month in the hands of those who need it.
> ----- Original Message -----
> From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Friday, November 09, 2001 6:33 AM
> Subject: Re: [RT] Debt
>
> > I read within the past few days that only 20% of the tax rebates were
> spent,
> > the rest went into savings and debt paydown. I suppose that if the next
> > package goes to those who have to spend it there will be spending but
> > otherwise, from the standpoint of economic stimulus, looks like another
> > waste of the surplus.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Dorothy K. Carter" <dorothy.carter@xxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Thursday, November 08, 2001 4:17 PM
> > Subject: Re: [RT] Debt
> >
> >
> > > corp name...... and the corp calendar to float more debt continues...
> then
> > > there is the consumer....... DEBT... DEBT .... DEBT......It not just
> the
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
>
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>
>
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