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: GraceZ who wrote (12789)	8/20/2003 10:56:04 PM
From: Lizzie Tudor	Read Replies (2) of 306849

the old are not screwed Grace, unless they were not homeowners but it was so easy to buy a house in the 70s (vs now) the majority were able to do so. Any system that allows someone to buy a house for 70K that appreciates into a 5 million dollar asset (which happened around here) is not what I'd call a screw. If you allow inflation then everything has to be allowed to inflate. You can't "freeze" something and expect the system to work, the other option is control the money supply but as you know we don't have that.

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