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 (239451)	2/25/2010 5:59:41 PM
From: LLCF	Read Replies (1) of 306849

<Another reward for the reckless. Who said the debt laden were the dopes?> Oh, they're dopes alright... I just bought a 50% LTV 8% note on a great building in the best part of town for a 25% discount. I WANT the building, believe me. Don't kid yerself... don't know how long it will last, but if you've got cash now you're lookin REAL GOOD. Don't know why anyone but a clown would own S&P with this stuff going on... have a feeling it's all retirement money from employed people "on automatic pilot"... Just think of the squaking as the S&P trades back through that old low? DAK

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