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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (1056)	11/15/2001 12:01:05 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

Les,re:'Gov...". The only difference between Japan and USA is that our government can print out money anytime. $340000+ starter home and NO INFLATION, NO WAGE PRESSURE. Just like MAGIC. I'm sure there is a conspiracy theory somewhere. I saw ads that: No money down, no problem. No money, no problem. No job, no problem. Bad credit, no problem. No credit, no problem. You are either on the right side or wrong side of the equation. The 'low-interest, no-interest' policy is just shifting money from one place to the other. There are quite a few of retirees saw income dropped 60+%, but then these folks are history anyway. Definitely on the wrong side of the equation.