Homestead mailing list

["Lisa K.V. Perry" <lisakvperry AT gmail.com>]

I enjoy reading the housingbubbleblog very much and frequent it throughout
the week.  I most enjoy reading posts from elsewhere throughout the country
after skimming the posts from various media.

I've been occasionally tracking how much popping is happening in long
overheated major markets in comparison with what is happening nearby or in
small markets not located next to a major metropolis.  I'm watching for how
much the value declines--5%, 10%, 30%?  I have a mortgage on my home, we
aren't fortunate enough yet to own it free and clear.  We have approximately
40% equity in yesterday's market--but don't know about tomorrow.

On 8/16/06, Gene GeRue <genegerue AT ruralize.com> wrote:
> But the raw data on the housing, IMO, precludes it being just 'froth'.
>
> The word froth as applied to the housing market is simply another offering
> of inscrutable Greenspanspeak.


To my knowledge, Bernanke hasn't yet coined his own phrase or put words that
don't quite make sense into his sentences, but there's still time.  The
night is young on his watch.

Lisa
sw VA