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: Tommaso who wrote (86105)	8/19/2007 3:42:43 PM
From: Tradelite	Read Replies (1) of 306849

<<Right now, a lot more money is going "poof" a lot faster than it ever would in rentals, as house prices drop.>> Let's put blame and pain where it belongs: on the people who borrowed more than I'm sure many of them KNEW they could afford, and the lenders who enticed and allowed them to do so. If house prices went up to an extreme because of this, house prices should stabilize and moderate when the problem people and problem lenders get eliminated. I look forward to that day. THE BIG FLUSH IS A GOOD THING. The problems existing today did not happen because of any inherent problem with owning real estate and planning to keep it for more than 5 minutes or 5 months before it's flipped to someone else.

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