The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: David Jones who wrote (7013)	11/22/2002 2:56:37 AM
From: Elroy Jetson	Read Replies (2) of 306849

I've had a California real estate Broker's license since 1986. As a broker and a consultant to the real estate development community I am less than impressed with real estate agents like Tradelite who claim real estate is a risk free investment that "only goes up". But you also read statements from these people revealing the fact that they don't actually believe their own claims. Their promotional claims are not naive, just dishonest. I'm also very aware how home ownership is excessively subsidized by government programs. These programs designed to to make homes more affordable are precisely the reason that homes are not affordable. They funnel excessive savings into the housing market and drive up prices. The National Association of Realtors and several home builder's trade groups are the chief cheerleaders in the passage of these tax laws, for obvious reasons - none of which have anything to do with making housing affordable.

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