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: X Y Zebra who wrote (24777)	10/24/2004 9:58:10 PM
From: Elroy Jetson	Read Replies (2) of 306849

Perhaps I should add some pertinent personal information. My parents, age 73 and 71, are real estate developers, always living with huge debts. They generally continue to own everything they build -- retail and office in the San Francisco Bay Area. If the economy collapses in a way that helps those with massive debts, I'll inherit many millions. If the economy collapses the way it did in the 1930s then I'll be the big winner - except that I'll have to support my parents, and probably my brother and sister and their families as well. Even if I didn't see things the way I do, it wouldn't be strategically wise for me to be taking the same bet as my parents.

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