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SJ_jim
2006 Feb 15, 10:48am
"In the third quarter 73 percent of refinanced loans resulted in cash out and the recent fourth quarter, figures are the highest since the third quarter of 2000 and, in fact, are near the highest this century"
Hah! 3Q 2000? Can you say: "Margin call?!?"
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Perhaps we should explore that relationships between the two. It is quite possible that soaring google stock price has been injecting euphoria into the Bay Area housing market. On the other hand, it is not completely unreasonable to assume that Google has been deriving profit from things related to this housing bubble. Now that the real estate market is showing signs of reversal and GOOG is way off its past top. What should we expect?
#housing