http://money.cnn.com/2005/10/11/pf/t...rest/index.htm

So there's rumors that the $1 Mil mortgage cap will be reduced, some places to as low as $350k. In addition, the rate at which mortgage interest is deducted will be reduced... all in the name of helping the economy, but I think it will break the bubble for sure!
Heck, in the Bay Area, it takes $80-100k annual salary to qualify for the average
condo, even though rents are cheap. I think tons of people will bail out of the housing market and become renters.

It's not as if the froth isn't going down already.... seems to me that it's gone flat in the last month or so.

Edit: oh, and how about the Greenspan factor, since he's just a tool of the Bush empire /edit

Either way, the democrats will get to blame Bush for "ruining" the housing market.

Thoughts?

 

I'm fine with that.

 

No, I bet they (we, I guess technically) will blame him for creating the bubble in the first place.

 

Common, no Greenspan jabs?

 

*shakes head* I hope you're not serious about Blaming Bush for the cause or fall of the housing bubble.

 

don't drag greenspan into this