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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (160424)10/27/2008 1:42:55 PM
From: Peter VRead Replies (1) of 306849
 
My new neighbor may be a perfect example of an American living beyond his means. He had a large spread with 23 animals in a gated community. Put the house on the market, no takers, lost his job, got foreclosed.

Moved to a high-end area and began renting, but after a while decided that maybe $7000 a month was a bit too much. Now he's next to me, paying less than half that.

But he still has a relatively new Porsche and a Range Rover.
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