Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (145694)	1/23/2002 5:51:30 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

you got any national real estate stats that might show number of cash sales vs. loans etc??

To: Tradelite who wrote (145694)	1/23/2002 6:00:10 PM
From: reaper	Read Replies (3) \| Respond to of 436258

<<Sorry, but the money people bring to a real estate transaction (THEIR money, not the loan) is real money, earned and saved by someone>> THE MONEY TO BUY THE HOMES (your words) is NOT the pittance 10% down payment that people bring to the table. The money that buys the homes is the BANK's money. What is driving $1mm condo prices in Boston's South End is NOT the fact that I have $100k to put down on the house; it is the fact that FleetBoston was friggin' stupid enough to give me $900k to complete the transaction. Why can you not understand this? My $100k means nothing; I am 9:1 leveraged. The ONLY reason I was able to complete that transaction is due to CREDIT availability (money created in thin air), not the money that I "earned". Cheers

To: Tradelite who wrote (145694)	1/23/2002 6:01:58 PM
From: Win-Lose-Draw	Respond to of 436258

the money people bring to a real estate transaction (THEIR money, not the loan) is real money There is no such thing as real money. That money was created out of thin air and injected into our financial system. It has no value other than what someone is willing to give up in exchange for it. Kinda like stocks. ;-) There is no spoon.