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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (33217)6/12/2005 11:52:05 AM
From: Elroy JetsonRead Replies (3) of 306849
 
John Vosilla suggested that people in Los Angeles could all take their profits and move to less expensive areas of the nation.

But they can't -- because there are no wealthy buyers from outer space to take their place.

This shows how credit bubbles can fool people for a few years, before it all comes tumbling down.

Yahoo stock can sell for 600 times earnings -- until people want to take their profits.

Then you have a situation akin to a fire in a crowded theater with only one tiny door.
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