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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 (34682)	6/30/2005 2:11:46 AM
From: mishedlo	Read Replies (1) \| Respond to of 306849

I have a friend that had a lifestyle based on his ability to make 2K per day in the stock bubble. To go back to a $250 per day job was a rude awakening. Same thing will happen with 22 year old mortgage brokers/speculators who have been making millions. Ultimately it will be a curse for them. Imagine what would it feel like to reach a financial high point in your life at the age of 22 and then only go down. Exactly! That was the point I was trying to make to tradelite. There is going to be a huge number of people not prepared for even a MODEST turndown. I think the turndown will be far bigger than modest. Mish