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: ChanceIs who wrote (168632)	12/3/2008 12:06:20 PM
From: Smiling Bob	Read Replies (1) of 306849

The automobile was only made affordable for most by the inroduction of leasing about 20 years ago. Another way for Detroit to generate cash faster and defer their pension and medical obligations. By increasing the turnover cycle, they were selling and producing more cars than we needed- replace every 36 months- and putting off the day of reckoning they're now facing. An auto bubble- much like the housing bubble.

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