So this means the real estate market collapse will start in October 2003?
So this means the real estate market collapse will start in October 2003?
You statement is a non sequitur. Leaking was just beginning in some regions of the U.S. Look at that old thread. Other were saying back then that it was starting. It may have begun for real by late 2004. But Greenspan pumped up the bubble by pushing ARM loans and interest only loans in March, 2004. Never before in history did a Fed Chairman personally sell exotic mortgages to America. The results are obvious to almost everybody. Except those in the mortgage biz and/ or real estate biz.