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


To: John Vosilla who wrote (39397)8/27/2005 11:20:36 PM
From: Lizzie TudorRead Replies (3) | Respond to of 306849
 
how would this RE crash be any different from from the 91 crash? A huge amt of wealth destroyed then, and a ton of BKs but it was the owner builders who were burned (and they should have known better).

If you own your home and it depreciates it isn't going to kill you, only the speculators who own a few residences will be damaged, no?