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

To: Haim R. Branisteanu who wrote (24320)10/6/2004 5:02:24 PM
From: Proud DeplorableRead Replies (1) | Respond to of 306849
 
Think of it like this:

Take a tire and paint a map of the entire USA on it.

Then take a tack and push it into the desert rathole called Las Vegas on the map you just painted on the tire. Leave the tack in. Listen for the sound of air leaking out of the tire. Put the tire on a brand new Mercedes Benz financed from home re-fi and drive towards L.A. See what happens. Any way you cut it there are going to be some people walking back to L.A. (another rat hole). Hopefully some of these will be greedy realtors who lost their shirt in the upcoming BUST.



To: Haim R. Branisteanu who wrote (24320)10/6/2004 5:59:50 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
<<wonder if LV was/is the only "full of speculators" RE markets. It seems ot many people want to stay blind .... as long as they make money>>

The real issue isn't Vegas, it's SoCal where the exact same thing has been happening (only for a longer period and on a much larger scale). Will KBH be the next "victim" of their own overhyped expectations?


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