Replies to post #163896 on Zeev's Turnips Patch-No Politics (ZEEV)

[peace_2_all]

Think about your statement here clearly!

"Think about it...if real estate drops in value, someone else does not reap the reward....the wealth is just....gone."

Not a good analogy at all. When insiders sell stocks they pocket the money and you get worthless paper. It is not like home. Remember the enrons and worldcoms, OK!

[Newly2b]

And the homeowner is still left with the huge mortgage created by that real estate boom! Or does that just go poof! as well?!

Actually it's, like with stocks, the LAST buyer that gets the big mortgage -- real estate's version of the bagholder.

Newly