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Nutz 4 Benz - 1/7/2006 2:22 AM
Just wait until the real estate bubble pops![}:)]
Anyone that doesn't see the next great depression on the horizon is blind.All those repossessed Mercedes to choose from....[|)]
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I've been hearing that the real estate bubble is going to pop for so long now I can't remember the first time I heard it.
Sure there will be some correction at least in those areas that are over heated. But I would not expect anything like the dot com bust.
The biggest danger to the housing market is raising interst rates. Especially for all those people with adjustable rate mortgages on houses they can barely afford. But good news the fed has indicated that the increases in interest rates are done for now.