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"Mr P" <MrPeppa@webtv.net> wrote in message
news:21440-44B427D7-749@storefull-3312.bay.webtv.net...
> The "elephant" is actually the huge real estate bubble that is popping
> around the US. This appears to me to be the biggest news in real
> estate, especially for investors, yet I read little about bubble trouble
> on this forum. I find it hard to believe that anyone can honestly
> brush off the fact that problems abound: mortgage delnquencies,
> foreclosures, rising inventories, higher interest rates, slow sales,
> flat (or falling) home prices, etc.
>
> It's almost lke Rome is burning, and investors are standling around
> playing their fiddles, pretending that everything's okay.
Some people are so heavily invested in real estate in one way or another
that they can't conceive of bad news being possible. It would be a blow to
self-esteem to admit otherwise.
Others are trying to sell real estate and want potential customers to
believe all is well so that sales will not dry up. Back when the tech stock
bubble burst around 2000 not too many people in newsgroups were admitting
trouble. A whole lot of people kept on promoting investment in stocks and
mutual funds in newsgroups and elsewhere right up to and somewhat beyond the
big decline.
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Re: Why no posts about the "elephant" in the room?
