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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From: ChanceIs	1/11/2008 5:51:18 PM
	Read Replies (2) of 306849

BREAKING NEWS: Prince Alwaleed bin Talal and China Development Bank, among others, are poised to put more money into Citigroup. Full story to follow shortly. _____________________________________________________ In the late '80s, we managed to scam the Japanese out of everything we owed to them by selling them our real estate at about 10X realistic market value. After it collapsed, we bought it back at probably 1/2 realistic market value. Do you think that the Arabs and China will be so stupid and accommodating??? The foreigners have the advantage of at least not buying at the top - perhaps 2/3 down. One wonders if this hasn't been out modus operandi for the post WWII epoch. 1) Overheat the economy by overprinting, 2) Induce foreigners to come in and join the party, 3) Raise rates to induce a recession, 4) Take back from the goods from the foreigners at a discount. I don't think it will fly this time. Are you all up caught up on your Mandarin and Farsi???

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