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You say 40%...
Homes will 38.2% of prior highs, Fibonacci..
-Neal.
At 10:17 AM 11/9/2001 -0500, you wrote:
>Add to that the appraisers who figured out how to inflate the appraisal so
>the homeowner did not have to pay points.. so when the value of the home
>goes below the mortgage... the yuppies walk away and the bank owns
>them..... thats when you sit back and wait for the bank auctions........
>they will come............... save your $$$$ homes will be avail for 40%
>of today's value by yr 2005-2006
>----- Original Message -----
>From: "Ira Tunik" <irat@xxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Friday, November 09, 2001 9:57 AM
>Subject: Re: [RT] Debt
>
>
> > 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:
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> > > >
> > > >
> > > >
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> > > >
> > >
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> > >
> > >
> > >
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> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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> >
>
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>
>
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