Hint: Most Americans didn't know the difference the past few years.
And as we all know, with lottery tickets, it's called gambling, where you can lose it all. Same now with homes, as millions and millions will now find out.
One big difference is that in the past you'd have to be insane to take out (or be given) a $500,000 loan to buy lottery tickets. Yet that's exactly what people did on pre-construction condos in Phoenix, Vegas, Boston, DC, Miami, Tampa, Orlando, Sacramento, LA, Portland, Vancouver, Chicago, Boise, Atlanta, Detroit, Cleveland, ...
January 29, 2007
Posted by blogger at 1/29/2007