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: RetiredNow who wrote (250688)	5/29/2010 1:54:34 PM
From: LLCF	Read Replies (1) of 306849

Oh jeez... I see two morons in the last 5 posts! I'll avoid that thread like the plague. So far it looks like Banks havne't had to puke to hard (Commercial RE) thanks to Feds... BUT, the Ole economic game seems to be up: Borrow at silly cheap rates to sustain lifestyle which is based on... BORROWING. The Austrians have been pointing it out for 20 years: agorafinancial.com IMHO there is NO easy way out of this one... rates are already zero and the economy is going no where. HOW CAN IT? What's driving it? There is almost NOTHING produced in the US that employs many people that can compete anywhere: <<There are still 5.9 million Americans working for tech companies.>> theregister.co.uk At least not without EVEN lower wages: ecommercetimes.com I smell MUCH higher unemployment. DAK DAK

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