Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: reaper who wrote (145260)	1/22/2002 6:22:49 PM
From: Tradelite	Read Replies (2) of 436258

<<The value of residential real estate has separated from any sense of "inherent" value based on cash flows and is now just a gigantic ponzi scheme where you just need to pray you're not the last guy in.>> A long speech could ensue here, but I will refrain. <<gg>> Let me just point out that the property taxes you pay support the schools and other services in your community, and I'm sure you know the value of good schools and services--to the community and to the value of your own real estate. Surely you would not prefer that everyone rent? And isn't it clear why Fannie and Freddie exist and why the government encourages home ownership?

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