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

To: kathtoo who wrote (88483)	9/7/2007 9:39:04 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'I want the greedy *&%$#$#@s to pay the price, not the taxpayer. Let the working person rebuild by buying real estate at a fraction of what it's valued at now. Let the shake out happen. For once they may not be able to stop it. And hopefully we'll see innovation, and some real solutions, and a coming together,' It is happening as we speak. Already a severe hard crash in some parts of the country. Other bubble markets like NYC and SF wil happen much slower and be drawn out like Grace said over perhaps 5-6 years. In SW Florida we are back down to 2002 prices in some of the most speculative overbuilt submarkets a 50%+ plunge. The free market will work just like the RTC days under the Sr Bush and under Clinton in resolving this mess..