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 (303518)	1/17/2011 9:54:33 AM
From: John Vosilla	Read Replies (1) of 306849

'the minute society starts paying back its debts in earnest, utter collapse will follow shortly thereafter.' You miss the now three year trend of tens of millions of people that walked away from the very high burdens of mortgage and credit card debt and now have a new lease on life debt free again after 60-90% of their monthly income went to service their debt in 2006-07 Many of the rest who survived this have been paying down their debts already in record numbers and finally seeing the light again in building true equity as mortgage balances especially on 15 yr loans start to drop substantially on the bubble 2002-06 vintage years Most of the individual talking points you make I usually agree with you and the real economy down here still sucks for the average Joe.. Things have been slowly getting better as we averted depression but way too slow for most. I am just more pragmatic, open minded value investor and an opportunist at heart than perma bear thinking that I view as kissing cousins to their perma bulls on the other side.

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