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

To: John Vosilla who wrote (271193)	8/25/2010 11:49:46 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>You continue to live in the past as if the mistakes of 2004-07 are frozen forever.<< no, the mistakes have escalated. they are worse. ignorance doesn't fix it. >>Today is nothing more than a transfer of wealth clearing out the mess<< you are completely fooled by the MSM, aren't you. anybody who thinks the mess is anywhere near cleared out is clueless. >>of days gone by to the smart ones in the game these days buying up the hard assets or paper.<< yes, everyone wants to own homes BEFORE the worst existing home sales in 50 years prints - and BEFORE the credit bubble has completely popped. yes, that's the ticket. i'll tell you what, keep buying AND HOLDING homes, big shot, and see what happens. >>Keeping too much cash in the bank at zero percent helps the banks recovery sooner..that is part of the fleecing i believe you should be talking about along with the socialized bank losses courtesy of the fed.....<< wow, you are completely ignorant of my message, yet you so proudly expose that ignorance. what's that about it being better to be thought a fool than to type and remove all doubt? >>Meanwhile fixed rate mortgages are at 60 year lows<< ALONG WITH EXISTING HOME SALES - YOU DO KNOW THAT, RIGHT? -LOL- >>and with low RE prices it is a bargain again to own versus rent in most of the country. A gift that won't last more than a few more years in my world..<< you are delusional. let's wait two years and see how this shakes out. then again, you don't even know what happened a couple days ago... let me help rid you of that ignorance... existing home sales WORST ON RECORD... wallstreetpit.com new home sales WORST ON RECORD... nakedcapitalism.com your timing is impeccable!