This may sound cynical but that is one of the fair markets that likely will not fall. These are luxery that are likely only to be bought and sold to people looking for vacation spots or a crashpad. Much more likely to be paid off than a 4 bedroom in the midwest bought by a hardworking train engineer and his wife working part time in a restaurant.
"We've self influcted a system wherevy the greater fools are those found holding worthless CDOs"
I really appreciate the hot potato analogy! Exactly what I was thinking.
This may sound cynical but that is one of the fair markets that likely will not fall. These are luxery that are likely only to be bought and sold to people looking for vacation spots or a crashpad. Much more likely to be paid off than a 4 bedroom in the midwest bought by a hardworking train engineer and his wife working part time in a restaurant.
"We've self influcted a system wherevy the greater fools are those found holding worthless CDOs"
I really appreciate the hot potato analogy! Exactly what I was thinking.