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Real Estate
Reply to "Federal Reserve: signs abound that housing market is entering bubble territory"
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[quote=Anonymous][quote=Anonymous]Nobody talks about the effect a stock market crash will have as well. Stocks have doubled or more in the past 5 years. The Nasdaq almost quadrupled. How many people used brokerage money or retirement money or even got lucky with some play money to leverage themselves into a house they couldn't otherwise afford? Once that sort of money vaporizes, less people will be entering as buyers->housing crash.[/quote] I think very very few. The only way most normal people can use stocks to get into a bigger house is by selling them and using them for a downpayment. The vast, vast, vast majority of Americans are not getting asset-backed mortgages, and most of those that did are still going to be just fine. It's not like the average joe or jane has made enough in the market the last 5 years that dividend income was a substantial part of their monthly payment.[/quote]
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