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

To: George8 who wrote (49427)	3/4/2006 1:13:51 AM
From: John Vosilla	Respond to of 306849

"Everyone who owns property in the bubble markets, such as NYC, CA, DC and FL coasts , is a millionaire..., many with many millions just by owning a few properties." True. And many who stay in the bubble market and continue to own will squander it all due to loss of purchasing power and bad investment decisions along the way.. One thing I've learned everybody can't be rich doing the same thing. Too may feeling giddy from all this nonsense down here.. Meanwhile others pissed off and either feeling like very poor renters or highly leveraged late to the party suckers in this ponzi scheme. Young adults starting out have zero chance to get ahead.. Going to be an interesting social experiment as this all unwinds in coming years..