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  • greekdell greekdell Apr 30, 2012 9:00 AM Flag

    How much wealth was lost due to real estate collapse

    agree. wealth perception based upon debt and leverage.


    vaca in florida, and wow. its a party. alot of people out at restaurants, high end cars, and boats.

    and on the streets....homeless and ept accepted signs everywhere.

    home prices rising...and based upon what? CHEAP FINANCING.

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    • Greek, it is amazing here in florida, like nothing I have every seen. Every bar and place to eat is always packed. Even weekdays, but nobody has a decent job. Young people are out every night and old people are contantly eating ou. Many houses are for sale with few buyers.

      I would say 25% are on disability somehow and we have 12% unemployment.

      Insane.

 
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