Jordan wrote:
>So what's different between this and pets.com? Real
>estate doesn't go to zero (unless you bought near
>Love Canal or similar) when the market turns.
Ah, so this buying in on this housing bubble is no more risky than speculating on commodities, which also don't go to zero.
I'd rather take receipt on a grain contract than buy an overvalued house via an under-safguarded mortgage. I'd rather eat the former than the latter.
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