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

To: patron_anejo_por_favor who wrote (233674)	12/18/2009 12:55:13 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

" Hard to afford a 2,000,000 clownbuck home on 8.50/hr. Maybe in 2005, but not anymore! " YES WE CAN !!! AWESOME.

To: patron_anejo_por_favor who wrote (233674)	12/18/2009 1:01:19 PM
From: Broken_Clock	Respond to of 306849

Despite JV's current winning streak, I see RE continuing a slow grind down until we find some type of balance with affordability, decent rate of return for the landlord, etc. What the heck is gonna happen when rates rise? Got Mayan Calendar event or what? Governments are gonna start to crap in earnest when prices on upper end stuff really break and the property tax coffers fail to refill when the cash cow dries up. The typical pattern id to close libraries and parks in order to scare the sheeple. What happens when gov't staff and pensions are the target? That is when the pitchforks come out, IMO. It's one thing to be grateful for an $8.50 hr job at HD. It's another to see some fat assed gov't asshole drawing 75k/year telling you your sales tax has to go up to protect his pension. edit: globaleconomicanalysis.blogspot.com