Posted on 09/25/2006 8:41:42 AM PDT by GodGunsGuts
Let's keep in touch and compare notes. When you realize the loose money that has been driving real estate, suddenly a real estate bust doesn't seem outside the realm of possibility:
http://www.prudentbear.com/archive_comm_article.asp?category=Credit+Bubble+Bulletin&content_idx=35580
got it, thanx
If you're old enough and own property in CA (my family has lived here since the mid-1800s and farms as well) ... you know property in CA never really loses value. Not for any appreciable time.
CA property is a winner. In fact, I'm planning on buying another home just after the first of the year.
The people who drive up prices are buyers, not sellers.
The flippers are both and I know a few flippers who are now stuck with properties they can't move.
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