tag:blogger.com,1999:blog-15028593.post115681049233074485..comments2023-10-19T02:51:55.625-07:00Comments on Low on the Hog: Jeff Alworthhttp://www.blogger.com/profile/02930119177544342495noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-15028593.post-1157183213448413282006-09-02T00:46:00.000-07:002006-09-02T00:46:00.000-07:00I was there since early 70s, it stunk in the 80s. ...I was there since early 70s, it stunk in the 80s. Sky high mortagage rates guaranteed a crash in the 80s, things are different this time around. You bet there are going to be ARM problems & intrest only problems, the foreclosure rate is bound to go up. It is also a good thing to remember that Banks don't want to own houses, they'll try pretty hard to avoid it.<BR/><BR/>I hope the "house as Chuck Butcherhttps://www.blogger.com/profile/13656874242638324636noreply@blogger.comtag:blogger.com,1999:blog-15028593.post-1156869522417139912006-08-29T09:38:00.000-07:002006-08-29T09:38:00.000-07:00The housing slow down will have pretty enormous co...The housing slow down will have pretty enormous consequences, whether or not it's a gentle landing or a crash. It will precipitate a whole cascade of related events. You're on one end--construction. My dad was a roofer during the 70s and 80s, when the market was dead, and he practically gave his labor away free. <BR/><BR/>Then there's construction materials, which with no buyers, will hit theJeff Alworthhttps://www.blogger.com/profile/02930119177544342495noreply@blogger.comtag:blogger.com,1999:blog-15028593.post-1156840266605893382006-08-29T01:31:00.000-07:002006-08-29T01:31:00.000-07:00The median wage is down 2%, check the lower end of...The median wage is down 2%, check the lower end of wages and see how far down and for how long.<BR/><BR/>Housing relates to another end of the spectrum and it doesn't have to do with income constriction, fear is fatal to housing. The localized bubbles also play into those numbers. Mortgage rates haven't gone high enough to hurt the market other than downsize houses a little and the income Chuck Butcherhttps://www.blogger.com/profile/13656874242638324636noreply@blogger.com