Submitted by Bonnie Ember, Aug 27, 2008 23:38

Hey guys, until the banks have money to lend, i.e. positive capitol core, real estate is like a pyramid scheme, at the top. It is finite, so when at the top, there is no one to sell to. The banks, investment banks, & mortgage insurance company's bet on interest rates staying the same. When they & the adjustable mortgages went up, they collapsed. Monopoly anyone? I would rather see just moderate gains, rather than a boom & bust. I am not a born roller coaster rider. I also do not believe, having been through the savings & loan collapse, & this subprime collapse, that anyone will remember this in another 15 years. Here we go again!

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