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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 (36104)	7/23/2005 9:50:00 PM
From: Don Green	Read Replies (1) \| Respond to of 306849

Thanks Mike for posting the link. I think your reasoning is far too extreme. I was in Japan during their crash and I think America's will be worse but even with worse case, your thoughts are a tad bit extreme IMHO. It never gets as bad or good as most predictions. I expect those living with excessive leverage conditions will get burned which is logical, but I don't think the end is coming. More a return to the mean. Which is what occurred in Japan. Regards Don

To: Mike Johnston who wrote (36104)	7/24/2005 12:09:41 AM
From: Lhn5	Read Replies (1) \| Respond to of 306849

<<As i have explained, the only way for a homeowner to avoid a wipeout would be to sell the property at the peak of hyperinflation and immediately pay off the debts. But even that might not be enough, since the government could put limits on the amount of currency that is eligible to be exchanged into "new dollars".>> I disagree. If hyperinflation occurs the value in dollars of a property will so dwarf the debt that the debt will become meaningless long before the hyperinflation interval is done. I mean...you did say HYPERinflation, not just a little more inflation than we have now, right? Selling at the top and buying gold or any other undervalued hard asset could make one rich in the next segment of economic time. When the top arrives, please post here,,,thanks you so much!!!