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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?


To: Ilaine who wrote (369)11/4/2007 12:36:21 AM
From: JF Quinnelly  Read Replies (1) | Respond to of 621
 
There's plenty of people here who are old enough to remember the last RE meltdown, but that didn't stop them. They just chose to believe that they had been given loads of free money for their wisdom of buying a California house.

The meltdown from '89 to '94 took some houses down 40%. This time the bubble ought to burst even bigger.