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

To: damainman who wrote (25391)	11/24/2004 10:30:57 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

What is really amazing is how they have truly sucked in everyone possible into this one. Some of the most aggressive new age investors seem to be in real estate related businesses such as those subcontractors, plumbers, roofers, handymen, mortgage brokers and realtors who seem to think they have too much money burning a hole in their pockets these days. Those who survive the next downturn will be slaves to their mortgages for a very long time. The ramifications of a dramatic slowdown in housing on related businesses, employment, consumer confidence/spending and thus demand for housing, rents & vacancy rates is not being factored in by anyone.