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

To: flint who wrote (25951)12/14/2004 9:49:35 AM
From: damainmanRespond to of 306849
 
"How about today? Is today the day I'm suppose to short home builders?

A car cost 1/3 a persons yearly pay. A house cost 1 year a persons pay.

Is there an automobile bubble too?"

Hilarious. Actually, I'm looking for homebuilders with fleas or cockroaches...check this out:

kbhomesucks.com

listen to the audio of what the ex district manager says...



To: flint who wrote (25951)12/14/2004 10:39:01 AM
From: copper000Read Replies (1) | Respond to of 306849
 
Which houses and cars are you buying? Your assumptions seem a little off.



To: flint who wrote (25951)12/14/2004 11:55:53 AM
From: mishedloRespond to of 306849
 
Is there an automobile bubble too?

Yes, in a way
GM's and F's pension plan and medical plans will eventually bankrupt it.

GM's debt is worthless IMO.
The key is eventually, I do not know how long that will take to play out, or what idiots keep buying GM when it is on the verge of being downgraded to junk.

Mish


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