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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (35645)7/19/2005 11:57:37 AM
From: John VosillaRead Replies (2) of 306849
 
Nice to see you back Grace. Like Tradelite also said they all have some cash as most work in cash only businesses. It is the huge amount of debt they sign for and not realizing the risks involved that is the problem. RE prices and financing options have gone wild in Miami so the Cubans have access to a ton of cash. Kind of like all the cash that was swirling around JDS Uniphase and the tech sector at ridiculous prices. Now our esteemed leaders expect people today to be prudent with their recent windfalls<g>
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