[Ron61]

Agreed. What I couldn't understand was when houses around here that were built for $80K were suddenly selling for $200K, one right up the street from me is an example, and the people that bought it were on welfare. I am far from an economic expert but even I could see that the phony inflated price bubble was going to burst one of these days. And if they start loaning huge amounts to people who are obviously not going to be able to pay it back, then we are going to go through this mes again. One of the real estate people a few years ago that were looking for places to sell tried to get me to sell mine for $230K an it isn't worth half of that. I told her so and she said that it was worth any amount they could get and she could sell it in two days for that amount. And I wasn't even interested in selling. They were going around to everyone trying to get places to list. Then the bubble burst and most of the real estate places here had to lay off nearly all of their people.

Ron