Luxury Peak Forums - View Single Post - When will the real estate market crash and

Davetrader · 09-09-2008, 12:00 PM

cause the next great depression from all the dangerous loans made.? If the stock market crashed in 1929 because people were buying stocks on 10 to 1 margin, then according to what I saw in the last 3 years, 40% of the people had no 'right' to buy any houses with putting basically NO MONEY DOWN. When real estate down ticks and people cant come up with the difference but have to move, the will forclose. There should be a TREMENDOUS amount of people that will do this in the next 3 years or sooner, which should blow up some banks. The rest should domino and spill over to all areas of business. My question is why are we such a fan of bubbles, and why do we allow things to get so out of hand such as this bubble. See a 10 year chart of any real estate stock such as BZH,KBH, LEN, etc. Will we have any money left for food ? I dont.

09-09-2008, 12:00 PM	#1 (permalink)
Davetrader Junior Member Davetrader is offline Join Date: Sep 2008 Posts: 1	When will the real estate market crash and cause the next great depression from all the dangerous loans made.? If the stock market crashed in 1929 because people were buying stocks on 10 to 1 margin, then according to what I saw in the last 3 years, 40% of the people had no 'right' to buy any houses with putting basically NO MONEY DOWN. When real estate down ticks and people cant come up with the difference but have to move, the will forclose. There should be a TREMENDOUS amount of people that will do this in the next 3 years or sooner, which should blow up some banks. The rest should domino and spill over to all areas of business. My question is why are we such a fan of bubbles, and why do we allow things to get so out of hand such as this bubble. See a 10 year chart of any real estate stock such as BZH,KBH, LEN, etc. Will we have any money left for food ? I dont.