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: Jim McMannis who wrote (203678)	5/22/2009 12:01:55 PM
From: Think4Yourself	Read Replies (1) of 306849

Doesn't Florida have a law that says your creditors can't take your primary home if you go into bankruptcy? Lots of autoworkers have decided to retire early when they lost their jobs. I know what I would be doing right now if I were them. It involves Florida real estate and it isn't good for the economy or the banks. The country is currently pushing forward a lot of retirees. Bad for federal tax receipts, bad for Social Security, bad for Medicare. In the last few days I have come to the conclusion that we have not seen the worst of it. Credit probably won't freeze up again but we are in for a world of hurt. Anyone think the country's debt to equity ratio is high now? You ain't seen nothing yet!

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