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

To: Lizzie Tudor who wrote (44881)11/19/2005 8:45:35 PM
From: John ChenRead Replies (2) | Respond to of 306849
 
Lizzie,re:"RE bust will cause the lost of 1mm jobs". FALSE.
It will create 2mm jobs since people will be able to afford
to spend on anything they need and want instead of mortgage.
That will increase consumption instead of spiraling asset
cost that suck in capital, sooner or later, the spring needs
to be released. Sure, not until the special interest completed
robbing the treasury and slaved the future of others.



To: Lizzie Tudor who wrote (44881)11/19/2005 10:52:26 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
"This entire decade and the "boom" we are having is bogus."

Perhaps bogus to you but not folks who have profited or made a nice living from the mania. Most will lose it all or take a serious step down in lifestyle just like after any bubble busts. This one will really be no different. I personally look forward to profiting again from the next debt cleansing as much as anyone.


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