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

To: DebtBomb who wrote (266256)8/4/2010 10:38:58 AM
From: grusumRead Replies (1) | Respond to of 306849
 
"We'll end up with like 28 million abandoned houses....bulldoze them, IMO"

DOW, why bulldoze them? if you do that, it's like cash for clunkers. it would be the same principle. why destroy homes that are still usable and have value, just because they are still over-priced?

let the price fall to it's natural level. people will then buy cheaper houses and will have extra money to save or invest. those things will be good for the economy.



To: DebtBomb who wrote (266256)8/4/2010 10:51:49 AM
From: ChanceIsRead Replies (1) | Respond to of 306849
 
>>>28 million abandoned houses....bulldoze them<<<

Wouldn't it be less expensive to drain the oil, pour sodium silicate into the crank case, and run them until they seize up???


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