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 (28015)	3/11/2005 12:14:01 AM
From: Elroy Jetson	Read Replies (1) of 306849

She could join the architect who just filed bankruptcy with $296k in credit card debt and a $1.6 million home. Being in the home business he was determined to cash in himself. Too bad high-end homes in Los Angeles haven't appreciated much, so his salary went to pay the mortgage while he lived on credit cards. If he had purchased a $400k home he would have made $400k. At least he filed bankruptcy in time. The late-filers are in for a surprise. .

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