Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Real Estate
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: Real Estate: Bubble or Ponzi Scheme?
Ponzi Scheme 13 22.41%
Bubble 36 62.07%
Neither 8 13.79%
Don't Know 1 1.72%
Voters: 58. You may not vote on this poll

Reply Start New Thread
 
Old 12-27-2008, 06:55 AM
 
Location: Wouldn't you like to know?
9,116 posts, read 17,730,190 times
Reputation: 3722

Advertisements

Quote:
Originally Posted by mobster75 View Post
I read somewhere (can't remember where) that even during the Great Depression, 4 out of 5 households were still living OK - making their payments, getting by, and not catastrophically impacted. This put things in perspective a bit for me. I'm sure a similar type of statistic will hold for this downturn as well.
What would be the definition of "OK"? A pair of shoes in the summer? For some that might be Ok.....

check out actual pictures from the Depression...it'll give you a good perspective of how life was like for the overall majority...

//www.city-data.com/forum/busin...epression.html
Reply With Quote Quick reply to this message

 
Old 12-28-2008, 12:44 PM
 
Location: Columbia, SC
10,965 posts, read 21,988,738 times
Reputation: 10685
I think the public has spoken...real estate fits into the bubble category and is not a Ponzi Scheme..
Reply With Quote Quick reply to this message
Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Real Estate

All times are GMT -6. The time now is 10:22 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top