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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-23-09 09:48 AM
Response to Original message
1. So the people with the cash...
...are buying up assets at dirt-cheap prices.

Isn't this the same thing that happened during the Great Depression?

I'm sure the media will spin this into "Happy Days are Here Again!"

:eyes:
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  -U.S. Existing-Home Sales Unexpectedly Rise as Foreclosures Attract Buyers Purveyor  Mar-23-09 09:21 AM   #0 
  - So the people with the cash...  CoffeeCat   Mar-23-09 09:48 AM   #1 
  - That is not a good assumption  slackmaster   Mar-23-09 10:39 AM   #6 
  - Investors are the biggest group of buyers  Tempest   Mar-23-09 11:19 AM   #9 
  - Not true  leftynyc   Mar-23-09 11:43 AM   #13 
  - recommend  xchrom   Mar-23-09 09:50 AM   #2 
  - The well off are once again getting rich off of other peoples misery.  earth mom   Mar-23-09 10:01 AM   #3 
  - Why do you believe that is what's happening?  slackmaster   Mar-23-09 10:40 AM   #7 
     - There's plenty of it  Tempest   Mar-23-09 11:23 AM   #10 
  - I hope this helps some people get out of the rental market who might not otherwise have been  No Elephants   Mar-23-09 10:07 AM   #4 
  - A friend of mine bought his first house in October  slackmaster   Mar-23-09 10:45 AM   #8 
     - I'm happy for your friend and wish him well. No matter how much  No Elephants   Mar-24-09 05:18 PM   #16 
  - Maybe this will reverse the trend and rising sales will be followed by rising prices for homes.  pampango   Mar-23-09 10:35 AM   #5 
  - Don't count on it  PSPS   Mar-23-09 11:35 AM   #11 
  - My Girlfriend and I have a bid on one atm  Sin   Mar-23-09 11:42 AM   #12 
  - Good luck my friend!  Earth_First   Mar-23-09 06:31 PM   #14 
  - I expect that any rise would be "unexpected". nt  bemildred   Mar-23-09 07:21 PM   #15 
 

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