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


To: Mike Johnston who wrote (26341)12/30/2004 1:09:35 AM
From: Mike JohnstonRespond to of 306849
 
A lot of Wall Streeters are learning the hard way that something that is free is worthless. They are one of the first in line to get the "free money" that the Fed dispenses via artificially low interest rates and a bond market bubble.

Armed with their multi million dollar bonuses they hit Ferrari and Aston Martin dealerships only to find that the cars they want are sold out.
And then a realtor brings the bad news. That 2 million dollar apartment they were planning to buy is now more than 3 million and it has 10 bids.



To: Mike Johnston who wrote (26341)12/30/2004 3:09:58 PM
From: Amy JRespond to of 306849
 
Mike, that's a creative perspective that's probably very true. Good post. Regards, Amy J