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


To: Jim McMannis who wrote (48426)2/12/2006 1:22:12 PM
From: redfishRead Replies (2) | Respond to of 306849
 
People can be really irrational about real estate. A friend of mine just died, his wife is left with two million dollar homes and a couple of million commercial prop, and she won't sell or borrow against any of them, even though she has no cash at all.

She's afraid she'd be giving them away, so instead she will have a nice nervous breakdown cause there's no money to pay the bills.