[rrrod]

The housing bubble that is discussed here so often is actually a mortgage bubble IMHO. The demand for housing is strong but phoney and unrealistic home prices are starting to have an affect on market conditions. Parts of Fl are in big trouble with falling home prices.

[goldstategop]

And what happens with falling property values is suddenly the loan costs more than the house is worth. At that point people are really in over their heads.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." -Manuel II Paleologus

[bill1952]

Where are you talking about? I don't see any problems here, but your points about mortgages are excellent.

I personally do not pay the bank anymore for property, but rather shift assets to maximize profit.

I do have one piece of vacant land that I am having trouble getting the price that I want, but even pricing it for quick sale would net over 10 times the original investment. - Of course, I took that bet many moons ago. 8^)