What????????? The “gulf between the haves and the have nots”???? The gulf is NARROWING at a frightening speed! I’m now doing BKs for people who own MULTI million $$$ properties in N. County who were pullin in mega bucks a few years ago. They bought into the RE nonsense and are into spec projects, condo conversions, etc. These are people whose names ARE well know in the SD community. And please explain how (and more importantly, why) “the rich” will become richer by snatching up a depreciating asset that will continue to drop and stall for 5-10 years. Remember that after the “great depression” it really was 25 years and 2 world wars before our economy came back in the 50’s. Many economists now opine that this credit crunch will make that depression look like a “walk in the park” compared to what we are gonna go through. Whistle past the graveyard if you like. . .
