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: Incitatus who wrote (59989)	8/15/2006 4:20:31 PM
From: Tradelite	Read Replies (1) of 306849

<<The mindless refrain that "everything will be fine as long as everything is fine" is just about over. Unemployment is rising, Dow Transports are crashing, yield curve inverted, stock markets falling, etc. Game over in 2007.>> You MIGHT be right in some respects, but (1) your focus seems to be on the Detroit/Michigan area, and (2) you sound like a newcomer to the real estate and stock markets, which have written off Detroit many times during decades in the past. We have a lot of geo-political/oil/economic risk in our country and our markets these days, but to sound so sure that you know that the Michigan area of the country is as good as dead might be a little, ahem, premature and too extreme. Detroit has seen some pretty dark days in the past--maybe before you were born? Just a thought...... I'm certainly not betting any money on it...currently own two Toyotas built way far south of Detroit, but I learned something about real estate from a guy who sold lots of it when Detroit and the American auto industry had 1.5 feet in the grave. They rose again from the dead. They might rise again. <<gg>>

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