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

To: Proud Deplorable who wrote (22669)	8/1/2004 3:27:40 PM
From: Tradelite	Read Replies (3) \| Respond to of 306849

<<The fact is that realtors themselves and other speculators have driven the prices up backed with a loud propaganda campaign aimed at bankrupting the young people in the world, tricking them into buying at obscene prices.>> That statement shows exactly how much you know (not) about real estate and how the industry or the real estate segment of the economy operates. We did have a lot of speculation in the Wash DC market back in the late 1980s among homeowners themselves, not investors, and the REALTORS (a trade name which I'm printing in all caps because that style--all caps-- is the protected trademark of an organization I no longer belong to but which you should learn more about) had nothing to do with its creation or its end result. Some day, people will get tired of trying to compare all of the U.S. real estate market to itself as one huge entity, when in fact it is many small entities, and will get tired of comparing the U.S. to other countries, such as Australia and England. And if you really knew anything about the concept of "flipping" at all, you would know that REALTORS are seldom involved in any stage of that process. This is usually carried out by professional real estate investors who wouldn't have any use for paid real estate services. They do quite well on their own. Until then, posts such as yours will continue to represent deluded and very uneducated thinking. Have fun while you can. Hope it doesn't cost you any money in the meantime. Broad generalizations and predictions of the future never work in this sector of the economy, but if you're convinced you're right, go ahead.