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

To: Crimson Ghost who wrote (88242)9/6/2007 3:05:23 PM
From: 10K a dayRead Replies (1) | Respond to of 306849
 
>>By the middle of 1930, after the general business depression had set in, no less than twenty-six Florida cities had gone into default of principal or interest on their bonds<<

I think that could happen in California. In some cases HOA dues, Taxes/Insurance [alone] are 50 percent of what you would pay to rent....

Crazy times...



To: Crimson Ghost who wrote (88242)9/6/2007 3:51:48 PM
From: John VosillaRespond to of 306849
 
<<The focus of speculative infection shifted from Flagler Street, Miami, to Broad and Wall Streets, New York. The Big Bull Market was getting under way.”>>

Quite possible 2007 is the new 1927? Mix in a little 1973-74 in there and 70's stagflation as the future instead of great depression 2 as the end game the next 7+ years?


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