Quote:
|
Originally Posted by sperbonzo
Not sure that I agree there Joe. There are certain big differences..... for one thing houses are real property, not just a cool concept, and everyone needs to live somewhere. It will flatten out, with a short dip when all the pre-construction condos all hit the market end of this year, and into next year, but houses aren't suddenly going to become worthless  |
I would agree and and add this Mike to justify my claim.
ARM's
no doc loans and unscruuplious ( never calimed to be a writer LOL) Mortgage brokers
fals creative no money down loans to bosst the home sales market
to much creative financing allowed to make these values seem real for too long .