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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Yep and in any down draft...those CA investors will be stuck with those houses making payments....I've heard a lot of BK storys about that kind of speculation...
Remember what ole Joe Kennedy did when he heard the shoe shine boy touting stocks .....he decided to get out while the getting was good...a few months later the Stock Market crashed and the Great Depression was on....
What amazes me is why people can't imagine a Great Depression occuring? People wil tell you it's the Fed this or that and Govenment blah blah blah...but events get out of control and no man or institution can control them...
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"Some Observer"
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