AND LIKE A CLASSIC PONZI SCHEME... ABOUT A 90% LOSS IS POSSIBLE. IMPOSSIBLE?
WELL IT TAKES A SELLER...AND A BUYER ....TO SET A PRICE...
AND RIGHT NOW THERE ARE NO BUYERS IN THE MARKET AT ANY PRICE IT SEEMS...
BUT PRICES HAVE NOT COME DOWN THAT MUCH YET...
MY HUNCH IS WE AT LEAST GO BACK TO 1990 PRICES ON REAL ESTATE... THAT WOULD WASH OUT A LOT OF THE BUBBLE...AND SOME OF THE INFLATION.
