I fully expect the govt to try and do something about it. The keyword is "Try"…..They may have let this little economic boost and detour from the dot com depression grow into the proverbial "800Lb. Gorilla"
I am of the mindset that it CANT be stopped at this point, the fallout will be painful for many, many people. This is another one of those "cycles" that make up the graph.
As usual, the little guy has a very tough time cashing in on these type declines. The S&L faliures of the 90's made property available at previously unheard of low amounts, but as usual, the big fish seeing this as an opportunity to use their financial might and make a very quick buck then the available properties were all wrapped up into HUGE real estate portfolio's and only the very, very rich could bid on these "portfolio's" that were starting at around 600 million dollars per package, then they tack on another 25% and only THEN do they make them available to the little guy, you and me, so our real savings bargain was dliuted by at least 25% or more.
I did get to buy 2 lots on a very exclusive golf course and I flipped them in a 2 year period and made some serious (for me) money on. I just wanted to do it again and again ! But was priced out pretty quickly when the big boyz got wind of it.
