I didn't think i would ever see real estate do what its done either. <<
i am guessing you are not old enough to remember carter and reagan. over priced over leveraged and 14% + mortgage rates. and then it all came crashing down.
recycling secrets is correct. real estate has not hit the bottom yet. either the cost of goods and services will have to fall or the number of employed and their wages will have to rise.
the economics of taking from the poor and giving to the wealthy have always lead to recessions, depressions and the total collapse of countries. a large middle class is an absolute necessity for a thriving economy. we have lost our middle class. the current economy is proof.
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