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Strategies & Market Trends : Ride the Tiger with CD

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To: tyc:> who wrote (12006)	8/22/2004 8:51:54 AM
From: loantech	Read Replies (1) of 312642

<Anybody who considers real estate a "paper asset" needs to have his head examined.> I guess I need my head examined. When buyers swamp the market with zero down financing and have zero equity and refinance at 100% LTV yes I would consider RE a paper asset. And yes I see a bubble in RE prices so let's watch the delinquency rates and default rates going forward to see if RE is a paper or hard asset for a lot of people, but not all. I guess when the Japanese bought Pebble Beach on one coast and the Rockefeller Center on the other coast, and then sold it at a steep discount they must have considered their RE a hard asset? LOL. More paper got shuffled. Plain and simple Paper......

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