Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Lizzie Tudor who wrote (43861)	10/31/2005 2:26:41 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

"But we both know grannie and grandpa won't go for it, because they live in Phoenix and have essentially retired on nothing more than the dumb luck of buying ONE house in CA and passing a discriminatory law at their kids expense, that is the problem. Its not about the pain of the 70s, its about greed now." So true and you can say the same thing for folks in NYC, DC and Boston. Dumb luck with many winners and losers. I have relatives in NYC who made out like bandits while some unfortunate to live in upstate NY or Pittsburg still feel as poor as those just starting out today in their 20's. Still no one is forcing those in bubble markets to buy there today. They do have the choice of renting or moving to a much lower cost area.