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: MulhollandDrive who wrote (24960)	11/1/2004 11:36:56 AM
From: X Y Zebra	Read Replies (1) of 306849

think that sets us up for a hell of a recession as those who spend today with tomorrow's dollars have to put the brakes on spending as they 'pay it off' (or at minimum 'down') under normal circumstances I would agree in your assessments... however... it seems that the Ponzi scheme is being sponsored by the authorities, hence no chance of being stopped. second, the supply of potential borrowers, once the scheme is fully functioning, is far from being tapped out... I mean... those third world countries, with an unending supply of cheap labor (and future consumers to be granting credit to...) can make for some interesting offers for... zero interest credit payable until April of 2006.... i know because i was offered one -lol as i said.... fasten your seat belt, enjoy it while it lasts... just be careful you have plan b (exit strategy) firmly in place... economists...? we need no steeenking economists.... -lol!!!

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