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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 (239451)2/25/2010 5:49:14 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
this is the real nuclear option, forget that sideshow going on today

people DO respond to incentives



To: Jim McMannis who wrote (239451)2/25/2010 5:54:00 PM
From: patron_anejo_por_favorRead Replies (1) | Respond to of 306849
 
Exactly. Anyone who pays their bills is a dope. Or as David Carridine might have put it, if he were alive: "Better to be grasshoppa than ant".......<G>



To: Jim McMannis who wrote (239451)2/25/2010 5:59:41 PM
From: LLCFRead Replies (1) | Respond to of 306849
 
<Another reward for the reckless. Who said the debt laden were the dopes?>

Oh, they're dopes alright... I just bought a 50% LTV 8% note on a great building in the best part of town for a 25% discount. I WANT the building, believe me.

Don't kid yerself... don't know how long it will last, but if you've got cash now you're lookin REAL GOOD. Don't know why anyone but a clown would own S&P with this stuff going on... have a feeling it's all retirement money from employed people "on automatic pilot"...

Just think of the squaking as the S&P trades back through that old low?

DAK