And if I were the speculator at the beginning of this thread, I would seriously consider extracting as much money as I could, converting it to gold coins, stuffing them up my ass, and fleeing the country. Hope he knows spanish and can find his way around, as suggested, Costa Rica.
We are entering a phase, the end results of which I saw in Austin around 1992: One fine fellow from Houston came in and spoke to our business school about his ride from $0 to $500M all the way down to negative $500K, all based on Texas real estate. The carnage this time around is going to be just awful.
