Thaths wrote [at 01:17 PM 4/30/2007] :
Can someone point me to a couple of examples of instances where the
real estate market went belly up? I am more interested in examples
where investments lost value over a large period of time rather than
short-term losses.
This is a long, data-laden (and scary) argument that the US real
estate market is going to fall off a cliff:
http://www.safehaven.com/article-6329.htm
For Cheeni: reading through this might just convince you that the
kinds of housing loans that have been made in the US are much, *much*
more risk-laden than the ones that have been made in India.
Udhay
--
((Udhay Shankar N)) ((udhay @ pobox.com)) ((www.digeratus.com))
