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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (48421)12/30/2005 12:32:37 PM
From: Gotham Guru  Read Replies (1) | Respond to of 110194
 
John,

I never replied to CR's post because in my mind the World Trade center was always the twin towers, never the other buildings around there. I was wrong but didn't feel compelled to make a post, so there it is. I don't know Flint or Toledo and can't say if they've ever been "half full" ever, maybe you know. I have homes in Alabama (and FL)which may be similar to those areas (?) of all places. They have appreciated (in single digits) and my tenants pay rent timely.
Obviously, everything is relative by location. Could you tell me what you specifically would consider a collapse, implosion, or the bursting of the "bubble"-10%,20%,30%? Post 9-11, I think many moved money into real estate since it was a physical (structure) asset that they could see, not paper stock or business. Maybe many felt more secure that long term, this asset would appreciate with less risk. The fed provided liquidity with low rates. Has in gone ballistic in some areas? Of course. But I don't see the catastrophe coming that some others see.