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: Bonefish who wrote (46099)	12/26/2005 11:04:52 AM
From: bentway	Read Replies (2) of 306849

"I wouldn't be surprised if there is a taxpayer bailout." How would THAT work? The taxpayers are the ones doing the bailing! The taxpayers NEVER bail themselves out. We always bail out some wealthy players with the clout to buy relief from their government stooges. As for profiting from current RE conditions, wouldn't anyone be stupid NOT to? I found myself in a house I had bought in S. Cal that had become "worth" five times it's mortgage value. I sold it, and bought a house in flyover land for cash with plenty left over, tax free. I didn't PLAN it - I just took advantage of a lucky windfall situtation. If that's evil, sign me up with Satan!

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