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

To: Bonefish who wrote (46099)	12/25/2005 9:43:00 PM
From: KM	Respond to of 306849

I couldn't agree more.

To: Bonefish who wrote (46099)	12/25/2005 10:11:05 PM
From: Crimson Ghost	Respond to of 306849

Excellent post my friend! Telling it like it is.

To: Bonefish who wrote (46099)	12/26/2005 4:34:54 AM
From: Chas.	Read Replies (3) \| Respond to of 306849

What the hells wrong with you...This is America... almost anything goes if you keep it legal. If you can buy a house for $100000.00 and sell it for $200000.00 thats your business, thats what America is all about... regards

To: Bonefish who wrote (46099)	12/26/2005 6:18:34 AM
From: Micawber	Read Replies (1) \| Respond to of 306849

I would like to see a show of hands from those of you who have made money in this "most potentially destructive, pathetic events in U.S. History." You should be ashamed of yourself for making that money. Perhaps you should give it back, to those "that have been renting, saving, living on a boat, been out of the country for the last few years, taking care of sick relatives or simply saving for a first home". Fascinating.

To: Bonefish who wrote (46099)	12/26/2005 11:01:54 AM
From: chaseme	Read Replies (1) \| Respond to of 306849

Let me guess. You don't own a house. Looks like you got boned.

To: Bonefish who wrote (46099)	12/26/2005 11:04:52 AM
From: bentway	Read Replies (2) \| Respond to of 306849

"I wouldn't be surprised if there is a taxpayer bailout." How would THAT work? The taxpayers are the ones doing the bailing! The taxpayers NEVER bail themselves out. We always bail out some wealthy players with the clout to buy relief from their government stooges. As for profiting from current RE conditions, wouldn't anyone be stupid NOT to? I found myself in a house I had bought in S. Cal that had become "worth" five times it's mortgage value. I sold it, and bought a house in flyover land for cash with plenty left over, tax free. I didn't PLAN it - I just took advantage of a lucky windfall situtation. If that's evil, sign me up with Satan!

To: Bonefish who wrote (46099)	12/26/2005 2:11:11 PM
From: bobby is sleepless in seattle	Respond to of 306849

amen, brotha... I'm with ya... "Those that have been renting, saving, living on a boat, been out of the country for the last few years, taking care of sick relatives or simply saving for a first home have been screwed over royally" Let's give these folks gold medals for being the true patriots and not buying into one of the largest schemes in American history. And thank goodness they were burdened by their events as their excuse for non participation. Man, are they ever cool. As for the rest of the millions of Americans who profited from this event, shame on them. Let's identify them, be the vigilante and take em out, one by one. Let's start with your neighbor...

To: Bonefish who wrote (46099)	12/27/2005 12:45:31 PM
From: kikogrey	Read Replies (5) \| Respond to of 306849

Those that have been renting, saving, living on a boat, been out of the country for the last few years, taking care of sick relatives or simply saving for a first home have been screwed over royally Let me add another category: those studying for advanced degrees. I'm in So. California so here's a typical scenario: let's say in 2000 you bought a $200,000 house or decided to go to medical school. If you bought the $200,000 house you would be up about $3 or $400,000. If you went to medical school you would be in debt about $200,000 and still in school. In 10-20 years would you like or expect to see an MD if you get sick or in an accident? Maybe an in-patient pharmacist might be a good idea. What if your child or grandchild needs a speech-pathologist? There are many professions that take 8-10 years or more past high school. You get the picture, those who are investing in doing something worthwhile for themselves and the world have at least for the present gotten screwed due to this run-up in real estate. How does it benefit society to have families who need homes living in run-down apartments while middle-aged flippers own property no one lives in? How does it strengthen the United States to have money generated directly or indirectly to a real estate ponzi scheme? Meanwhile our infrastructure deteriorates, our citizens have no health care plan and many if not most of our decent paying jobs have been outsourced. Heck, Los Angeles even lacks mass transit to our airport!