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**egershna** · 01-22-2006, 12:57 AM

Sometimes statistics are used in very distorted ways.

For instance, it makes sense that there would be fewer housing starts - in the midwest - in December than in November. Think frost IN the ground and snow ON the ground. Happens every year.

On the other hand, a "correction" in the housing market is inevitable. People already have themselves extended too far out, and those with adjustable rate mortgages are screwed. You simply cannot pay for a $650,000 house on a $75,000 per year income.

01-22-2006, 12:57 AM	#3
egershna Join Date Oct 2005 Posts 411 Senior Member	Sometimes statistics are used in very distorted ways. For instance, it makes sense that there would be fewer housing starts - in the midwest - in December than in November. Think frost IN the ground and snow ON the ground. Happens every year. On the other hand, a "correction" in the housing market is inevitable. People already have themselves extended too far out, and those with adjustable rate mortgages are screwed. You simply cannot pay for a $650,000 house on a $75,000 per year income.
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