Re: Ummmmm?

> > Right, that's a sad truth.  Although my son has a very good job, the
> > best he can manage ATM is a rather large mobile home/carvan.  Of
course
> > a really sharp crash would have negative consequences for the economy
> > since real estate is such a major market component.  How about all
> > those folks left holding the bag who bought high and financed with
> > negative amortization loans who'll just walk away and default on these
> > contracts?  Crash of 29 revisited?  Some of the real doomsayers paint
a
> > similarly dire picture, but I don't feel that's really in the cards,
> > IMHO.
>
> I agree, it doesn't look like another big crash in my crystal ball at
> the moment. After a couple of years of going sideways, I hear rumours
> that the UK market is picking up again. Possibly the latest banking
> initiatives (mortgages that can be shared between up to 4 individuals)
> have contributed to this phenomenon.

Right, my tea leaves gave me similar optimistic results.  I dunno know
that the UK housing market has much to do with what's going on here in
SoCal but who knows?  Maybe we really are beginning to experience a one
world economy?
>
> Although of course, I'm not a qualified soothsayer, and some pundits
> predict a 50-60 year cycle between big crashes (just long enough that
> everyone's forgotten), so YMMV.

I'm not going to say a crash can't happen cuz my positive prediction
will  probably just bring it on.
>
> -Sazz
>
> [1] Ooo, an op****tunity for revenge on the Sweden/Switzerland
> Vienna/Venice sagas.

I'm so ignorant of such things I'm igneeant.

Michael