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

To: Lizzie Tudor who wrote (21303)	6/4/2004 9:57:57 AM
From: Peter Joseph	Read Replies (3) \| Respond to of 306849

Re: the fed is not pumping the real estate industry, as far as I know. Easy Al & Helicopter Ben have a job waiting for you. <g> At the Fed meetings, when the air is thick with smoke, they must all be getting dizzy. Re: The point is that the years 99-00 were an absolute frenzy in real estate here. Back then, everyone out there was focused on the dot-bomb bubble. The RE bubble that has now reached dangerous proportions, must be a way for the rest of the country to catchup with the SV in 'wealth creation'. If you think the folks in SV are delusional, you should see the smug & gloating types in So Cal. No country has got out of economic malaise by getting into more debt. Otherwise folks in Argentina would be driving shiny new SUV's, instead of diving into dumpsters.