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

To: Proud_Infidel who wrote (28585)	3/23/2005 11:17:45 AM
From: GraceZ	Respond to of 306849

It's savings that you can't get out. Well maybe YOU can, but not everyone, and most won't.

To: Proud_Infidel who wrote (28585)	3/23/2005 11:19:21 AM
From: John Vosilla	Respond to of 306849

I don't mind either. It will be great for old school investors like me. The economy will probably survive just like it did during the S&L crisis and hopefully old fashion values and allocation of capital and labor to more productive uses comes as a result. Not too mention never again having to dodge all those nagging phone calls and mailings trying to get me to borrow or refinance. Whether this is just a serious recession or a depression might hinge on the strength of our banking system as things unwind.