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: patron_anejo_por_favor who wrote (162862)	11/8/2008 12:42:32 PM
From: Elroy Jetson	Read Replies (3) of 306849

It would be quite a miracle to inflate away debt in this environment. Debt is far more quickly being written-off in bankruptcies and foreclosures, including a good chunk of the private 2/3 portion of our economy's $14 trillion external debt. But those living on debt, or on the proceeds of rising asset prices, will indeed see major declines in their standard of living. .

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