Zeev's Turnips Patch-No Politics (ZEEV)

[zab]

Real Estate is just like the stock market, but just like the market when you could put down 10 % and borrow the rest, in real estate you put nothing down and borrowed the rest, sometimes even more than that. I am sorry people got hurt in real estate, but thats what happens when the real estate market became a casino, instead of what it was suppose to be, the family home.

Those people and the banks that either lent the money or bought the loans should lose everything, then the market will stabilize and someday come back, and those people who paid there bills all along will make out fine.

This propping up of markets and the economy is not helping, I know the economy and many people will get hurt, but thats the price we all pay for living in a capitolistic system. But maybe I am getting too old and need to understand the new economy where no one loses.

zab