enjoy the ride
http://video.google.com/videoplay?docid=-2757699799528285056
i should add, vicariously.
to the older posters on this board, an update from the afterlife. thanks for the lively threads. they really helped me see the tipping point last year. life has been fun as a renter so far. out here in LA i still think people are locked in their matrix incubators, lulled by realtorspeak stupor.
anecdotal evidence from my new digs. more lofts and condos get released into the market everyday and people still have a hard time connecting the dots. “they’re leasing these condos now. i thought they were for sale…”. i just met a couple who bought land with their previous real estate ‘investment’. alleyway access to site, no direct sun. but they want to build, sell and move (quote, not kidding) to a ranch in northern california. also met three friends (couples) who bought overpriced condos in the westside ’04. they have sterling credit and are otherwise very responsible but they each used 3/1 ARMs. they reset in ’08-’09. anecdotal, but i think it counters the notion that the ‘subprime’ blow-up is limited to illiterate joe sixpack, no offence intended. the ride won’t be sticky but fast imo…