Homestead mailing list

[Don Bowen <don.bowen AT earthlink.net>]

At 11/8/2005, you wrote:
> Rapid real estate depreciation historically occurs when there is a large
> increase in unemployment, interest rates rise rapidly, population decreases
> quickly and substantially. Are any of these conditions likely in your area?

One thing I read recently coupled rising interest rates, reduction of house 
price increases, and stagnant incomes.  This implies that homeowners are 
not so able to pull equity out of the homes.  This in turn leads to layoffs 
in the mortgage and home construction fields.

Don Bowen                          Awl Knotted Up

My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

My present location is the star on the map in the link below
http://www.mapquest.com/maps/map.adp?latlongtype=decimal&latitude=35.588269&longitude=-82.629132