“We are all guilty of complacency today with anything other than cash.
I’m not predicting an economic collapse, but am aware that it could happen. I think that anyone who says it can’t is fooling themselves. I hope that it doesn’t happen.”
Precisely. This is similar to the point that I’ve been trying to make at this site for a couple of months now. We need to stop being so myopic about the value of real estate in SD…that is not the real issue at hand. How credit and actual monetary assets are perceived and controlled is the issue. Once those issues are forced to be addressed, through financial collapse potentially, the ridiculous out balance issues will self correct, but not without a lot of pain to individuals who are on the wrong side of that correction.
