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

To: RetiredNow who wrote (248017)	5/13/2010 7:22:16 PM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 306849

Problem is though that the idiot builders are building again (thanks to Clowngress lavishing tax gifts on them which were unnecessary and as we are seeing actually counterproductive. "Invisible hand" was amputated on that move). So the inventory stays high and price gains are snuffed out anywhere they start to appear. It'll be that way for years.

To: RetiredNow who wrote (248017)	5/13/2010 8:22:16 PM
From: BWAC	Read Replies (1) \| Respond to of 306849

<This is all one giant game that involves collusion between banks and the US government to limit supply to prop up prices.> If they don't create some jobs soon, and release the chokehold on loans then its a giant game they are going to lose.

To: RetiredNow who wrote (248017)	5/13/2010 10:11:40 PM
From: jmiller099	Read Replies (1) \| Respond to of 306849

Did they walk away literally or have they shirked their loan repayment responsibilities and live rent free across the way? If the latter, how does it feel? It kinda burns my short hairs just reading about it.