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

To: Jim McMannis who wrote (142406)	8/22/2008 6:45:56 PM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

Most of these folks had little skin in the 'game'. Everybody else including deep pocketed investor speculators, builders and financial institutions the biggest losers of all. Few still standing. to believe in stocks or RE anymore. Only the commodities and bond bulls remain.. Who will get slaughtered next? Here is what I don't get. Shouldn't those defined as 'wealthy' by McCain or even the super rich have taken a huge hit to net worth by now? Or is all their money in CD's, McDonald's and IBM stock and overpriced Manhattan RE?

To: Jim McMannis who wrote (142406)	8/23/2008 11:46:03 PM
From: Bill/WA	Respond to of 306849

Hey Jim, Spent a week in FL where I'll soon be moving. Looked in Indian River Cty, my last location before I left FL 12 yrs ago. Even the old timers there & a few native RE agents are saying there's AT LEAST 2 yrs to go. Couples are moving out right & left...no work along with the mtg resets. Went down to PB Cty to see my new grandson. As you said, things much worse there. People wanting to rent their houses will even pay to move you in, most are 2nd homes. Looks like I'll rent there (Jupiter) for a while till things melt down further, then make a move to IR Cty. BTW, had my cracked conch (2 times) at Schooners, also ate at the Food Shack (no Hog Fish ;-() and also at Left Overs. Bill