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: Skeeter Bug who wrote (269927)	8/25/2010 8:39:37 PM
From: John Vosilla	Read Replies (1) of 306849

'greece was a dry run, John... do you think these people wish they had been a bit more realistic as their families get thrown out on the streets and the banksters buy up all their assets on the cheap?' You continue to live in the past as if the mistakes of 2004-07 are frozen forever. Today is nothing more than a transfer of wealth clearing out the mess of days gone by to the smart ones in the game these days buying up the hard assets or paper. Keeping too much cash in the bank at zero percent helps the banks recovery sooner..that is part of the fleecing i believe you should be talking about along with the socialized bank losses courtesy of the fed..... Meanwhile fixed rate mortgages are at 60 year lows and with low RE prices it is a bargain again to own versus rent in most of the country. A gift that won't last more than a few more years in my world..

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