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: Proud_Infidel who wrote (26288)	12/30/2004 12:56:51 AM
From: Mike Johnston	Read Replies (2) of 306849

A nice oceanfront mansion in Florida used to cost about $5 million a decade ago. Now, thanks to government's inflationary policies it costs about $20 million. Which means that it would take $40 million of gross income to buy it. Since every CEO,CFO, realtor, mortgage broker, bond trader etc. deserves to own one, where do you think will they get the money ? Old $800,000 salary + 1 million dollar bonus will not cut it anymore. That is why in times of high inflation fraud and corruption increases significantly.

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