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

To: Tradelite who wrote (4574)	8/20/2002 9:53:24 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

I think D.C. is a different kind of market from most in the U.S., for reasons we've discussed before. And I agree with you're opinion about what would happen if a (steep) downturn does hit...it's usually the overleveraged and the speculators who get hurt worst, and that's how it should be, I suppose. Highest reward, highest risk, yin and yang together again!<G> Certainly it will be a boon to whoever has the wherewithall and the liquidity to scoop up the bargains at the bottom, as it always is.

To: Tradelite who wrote (4574)	8/21/2002 12:59:05 AM
From: TheStockFairy	Read Replies (1) \| Respond to of 306849

<<and only the greedy morons who lived beyond their means will get hurt.>>> Yep, that's all I'm thinking is going to happen also, but it still hasn't yet. Unless every Internet Tom / Dick / Scary Larry kept enough cash liquid to weather the downtime, which I don't think happened, they are going to refi until they can't then vacate. About those H1B folks, if they is a blip in their employment, they are going to pack up and head back home without settling the bill, im bettin.