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: Tradelite who wrote (37514)	8/11/2005 12:56:03 AM
From: John Vosilla	Read Replies (3) of 306849

"I've said it before--we might have to stage a funeral for the newbie investors and speculators who have made some bad decisions-- but the real money behind U.S. real estate just simply amounts to .....a....lot....of.... available cash (i.e. REAL MONEY)." Yes, we are all certain there will be a funeral for the speculators and highly leveraged late to the party folks and yes a lot of people seem to be out their spending a ton of money as anyone who flies on a airplane can attest to. However, where was all this cash 10-15 years ago when the RE market was depressed and no one other than a few folks like me thought it was a great opportunity? I think RE has made way too many people rich this cycle. I just wonder how many are foolish and will lose it all like they did in prior downturns. What seems to make this one so much worse is the overvaluation levels pushed by financial engineering in an economy that depends on RE, immigrants from third world countries and our federal government spending to keep growing. If things were really so great interest rates would be much higher and the DOW would already be at the 36k predicted by Harry S Dent.

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