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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (26605)	12/18/2007 4:29:00 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 217542

When I went sniffing around houses in southern California [Escondido] 30 months ago, I thought that houses were about 50% too high for me to even think of buying them. So, I think there will be a combination price drop and financial relativity theory helicoptering of money. <home prices have to fall 50%. None, except the last sound remotely possible. > It would be nice to own houses in Hawaii and California. Nice sunny northern hemisphere places countercyclical to NZ's dismal winters. Big Ben is welcome to provide me with a few $million at 0.5% interest for 20 years and I'll take a few off the hands of the banks who wish to quit some property. Everyone will be able to sell their houses, the banks will be made whole on their mortgages, people will be able to stay living in their houses which I will rent to them at half the outgoings they previously suffered while "owning" the same house. Good idea: <Advise - wait before you get a place in Santa Monica. > Mqurice