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

To: bentway who wrote (46107)	12/26/2005 11:50:47 AM
From: KM	Read Replies (3) \| Respond to of 306849

He's talking about people like these idiots from California who blast into other places like Flagstaff, Arizona and Albuquerque, New Mexico, and smaller crappy towns in California and drive prices up through reckless speculation. It makes things tough for people who have to actually live in those places where the wages and jobs don't support the house prices that are thus artificially inflated. Then you have this cavalier "f**k you, I got mine" attitude from people who can and do walk away with profits from this sort of activity (see a bit of that on this board even). This really is not right when the subject of the speculation is a basic human necessity (shelter). Stocks aren't the same thing at all. And I am sure that when this all comes apart, this same group of people will be screaming for bailouts from the government or looking for someone to blame/sue for their own stupidity.

To: bentway who wrote (46107)	5/30/2008 1:47:18 AM
From: Bonefish	Read Replies (1) \| Respond to of 306849

Do you understand about the bailout now? ======================================= To: Bonefish who wrote (46099) 12/26/2005 11:04:52 AM From: bentway "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! Message 22004331