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**siklop** · 12-24-2005, 02:23 AM

I completely agree. It's amazing how many real estate proponents are still trying to say there is no bubble and that home prices will not drop. But their arguments are making progressively less sense as time goes on.

There are many, many buyers who have bought multiple homes using the equity from their previously purchased home to buy another. This is a house of cards that is guaranteed to collapse eventually. The only question is when.

12-24-2005, 02:23 AM	#3
siklop Join Date Oct 2005 Posts 432 Senior Member	I completely agree. It's amazing how many real estate proponents are still trying to say there is no bubble and that home prices will not drop. But their arguments are making progressively less sense as time goes on. There are many, many buyers who have bought multiple homes using the equity from their previously purchased home to buy another. This is a house of cards that is guaranteed to collapse eventually. The only question is when.
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