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: John Vosilla who wrote (30329)	4/29/2005 2:49:14 AM
From: Elroy Jetson	Read Replies (2) of 306849

With most Americans spending down their savings, and using debt to fund additional spending, the Reagan years were fun. Living on credit always provides a euphoric high. Its the aftermath of that spending binge which brings the pain. The new pile of additional debt, brought by the real estate bubble, has provided a temporary respite from that reality, but reality is starting to seep back through. Ultimately the problems caused by excessive debt cannot be solved through additional debt creation anymore than an alcoholic's problems can be solved with another bottle of Scotch. .

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