Bloomberg piece on the RE implosion

Discussion in 'Chit Chat' started by stock777, Feb 7, 2007.


    Check out the bit at the end about the old bag who bough t some plot of dirt for 80k in 2004 and is asking 600k for it now, complaining about the 4500 in taxes.

    Other than that , just as I said years ago, the specs were out of control, and its hard to believe the homebuilders were in the dark about how bad it was.