The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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To: ggersh who wrote (27604)	3/23/2010 4:02:24 PM
From: Real Man	Read Replies (2) of 71477

It's a downward debt spiral. People lose jobs and default, the home is foreclosed and sold at half-price, home prices in that neighborhood go down, people lose more jobs, etc. Eventually it ends, because houses can't sell for half the cost to build forever. Some sure did in 2008, and another wave is coming. IMHO. FWIW, these foreclosed homes spent a day on the market, or so. Not longer. I looked -g-

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