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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: MoneyPenny who wrote (26301)3/25/2005 12:18:13 PM
From: shades  Read Replies (1) of 116555
 
I am in the clearwater area, the growth is astaounding, one guy I talked to was selling his tiny 1200sq ft cottage in clearwater beach for 500K+ he was going to move to costa rica and buy a mansion and hire servants.

On one of the radio shows this week they talked to one of don trumps real estate buddies, he said that when the DON was about to go into bankruptcy, he went to the banks and said if you want my properties FINE, I will take my name off of them, and no one will come to the taj mahal if it is not called the TRUMP taj mahal, so they restructured all his debt and redid his payments. My mom has a west palm beach house but moved away because of traffic and water problems and rents that place now, sand was coming through the pipes when you turned on the spigot - everyone says hold cash and hang on for the great deals in a few years, but if cash is gonna crash too - is that wise?
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