April 05, 2007
Will the housing bubble and crash be just like the NASDAQ bubble and crash?
Here's one HP'ers thoughts:
So how will the GF's who bought that $800K McMansion feel when they find out that their neighbors bought a similar house in foreclosure for $400K? This is just like the NASDAQ. The first ones in and out made a fortune. The last ones get screwed. The ones who bought early and didn't sell will lose all their paper gains. Those on the sidelines watch the show and preserve their capital to pick up the bargains.