Replies to post #337 on The Contrarian

[leapyear92]

Hi,

Sorry about the spelling mistake. I have come to depend upon Spell Check. Hopefully no Freud there...

Anyway, the true sign of a top is to map the rate of salary increase to the rate of sales price increase.

Homes have been appreciating 15% a year. It cannot continue.

Homes in Beverly Hills have depreciated 30-50% over the past six months but that does not make the headlines.

If one is breathing, they can attain a variable rate, interest only, loan.

If you are living in a lower end home that you bought for say 114K in 1994 it is now worth over 300K. Have the salaries doubled? No way.

Kids out of school can't afford a new house. Where is this demand going to come from?

Regards,

Leap