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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: jazz_lover who wrote (94161)5/12/2008 3:36:46 PM
From: sea_biscuit  Read Replies (1) of 110194
 
I disagree. If the house was sold for 200K more, somebody has run away with that 200K. The money is out there. It has not gone to heaven.

And if the owner of the house held it all along as it went up 200K and then down 200K, he didn't benefit in any way from the price rise. Nor does he benefit from the price decline. All he sees is the price increases for the milk, vegetables, rice, wheat etc.
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