You know, Warren Buffet said is his last report to shareholders that he's sitting on his billions in cash at Berkshire, waiting for the bubble to pop so that he can swoop in and buy real estate at distressed prices too...
Here's what Freepers are saying about the housing bubble and folks taking on unsustainable debt:
It is time for the greedy and the stupid to suffer. I'll be right their to cash them out of their debt and take their property for a HUGE discount.
Bankruptcy laws were changed just on time!
Exactly. Now people will have to pay what they owe.
I have a friend that did just that when property prices collapsed in the late 80's here in Austin. Bought Condo's with his credit cards.
He's a rich man
November 21, 2005
Posted by blogger at 11/21/2005