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

To: GraceZ who wrote (35645)	7/19/2005 11:42:28 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

I think few people realize how much real cash is floating around out there, and HAS been floating around in our economy and housing market for many years. Maybe you have to actually experience selling some real estate to see the money. I've sorta come to that conclusion after reading this thread. Very seldom have I EVER met a buyer or seller who didn't have lots of it, even when I helped relatives sell a modest home in a southern college town as part of an estate--the buyer brought all cash. Highly leveraged loans are a new phenomenon which probably will die out as quickly as they appeared on the radar screen--and a very small proportion of the population will be the worse off for it. My opinion only, based on some experience and observation. It isn't as if we haven't lived thru real estate downturns before and haven't seen the movie once or twice already....

To: GraceZ who wrote (35645)	7/19/2005 11:43:00 AM
From: redfish	Read Replies (1) \| Respond to of 306849

They could live in the Miami area for decades without learning any English ... the difficult thing is to live there without knowing any Spanish.

To: GraceZ who wrote (35645)	7/19/2005 11:57:37 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

Nice to see you back Grace. Like Tradelite also said they all have some cash as most work in cash only businesses. It is the huge amount of debt they sign for and not realizing the risks involved that is the problem. RE prices and financing options have gone wild in Miami so the Cubans have access to a ton of cash. Kind of like all the cash that was swirling around JDS Uniphase and the tech sector at ridiculous prices. Now our esteemed leaders expect people today to be prudent with their recent windfalls<g>