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Parallel Housing Universes

By Jim Cramer

 About this article:
 One hundred and forty percent of all homeowners are totally underwater on their mortgages -- even the ones that don't have mortgages -- and are about to mail the keys in. Foreclosures are skyrocketing and it is expected that over 293% of Americans will find their homes repossessed and will turn into Okies. An incredible 430% of wealthy Americans are running away from homes worth $700,000 or more. No new homes will be built for decades and Toll Brothers, Lennar, Pulte Homes, D.R. Horton and KB Homes will no doubt file for bankruptcy given the incredible number of defaults and seizings. Not only that, but no homes have been sold at all! It's all chimerical! They are literally debating starting fires in major housing developments to raise prices. Okay, negative fantasy. Okay, apostate. But anyone who was on the Toll Brothers call last week is struck with...

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