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homestead - Re: [Homestead] More on the "bubble"

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  • From: Clansgian AT wmconnect.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] More on the "bubble"
  • Date: Thu, 2 Jun 2005 21:03:00 EDT



> >
> >A drop in value of 25% would wipe out most speculative buyers.
>
> I've never seen such a drop.

No, there's never been such a drop. But then again there was never a such a
rise in gas prices until there was one in late 70's, there was never an 80%
drop in one section of the stock market in that short a period as ther was a
few
years ago, oil was never over $50 a barrel before ... etc.

Doesn't mean there won't be.

James




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