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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: TheStockFairy who wrote (85679)3/26/2001 4:21:02 PM
From: RocketMan  Read Replies (2) of 436258
 
At that rate, the owners will soon have no one to sell to except each other -- if they are not already there. Once the layoffs start hitting, look out below. Although I didn't live there, I remember a Bay area boom and bust RE cycle in the 70's that was pretty nasty. Neighborhoods can't be shorted, but what about the banks holding paper, when the owners walk away from the home? Oh, I forgot, they always get bailed out, and the rest of the country pays for it.
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