Ask tommy2 about Real Estate

[chopstick]

Tommy -

What are your thoughts on how the jump in sub-prime ARM resets starting in June will affect property values? How long or what kind of lag time do you think there will be? 60-90 days?

Do you have any sites that you read regularly which you could recommend to people interested in this? I read a number of housing bubble/crash weblogs that track news sites and industry releases, and am always looking for more.

If the federal government decides on a bailout, how do you think that is most likely to play out? Just handing out money and punting the bill to future taxpayers?

Financial strategies to leverage the current situation - considering that the short-the-builders and the short-the-subprime-lenders boats have already left the dock, are there any good boats still around to catch a ride on?

Thank you for taking the time to answer our questions.