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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (10892)6/1/2003 11:54:01 PM
From: J. P.Read Replies (1) of 306849
 
<<I think we need to assume that many of these houses were purchased with huge $$ down. >>

I think that most of these homes were purchased with large cash windfalls from the sale of the previous home.

<<These folks are outstanding savers, better than most americans.>>

right, we lazy shiftless Americans. Perhaps if more of us were from a background of living 10 in a shack with no running water we would be more competitive in our own country.
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