Tuesday, August 10, 2010

No, I just was planning on staying here for a little bit...

The biggest purchase the average American will make will be a piece of real estate that they will call home.  The biggest regrets the average American will have will probably take place on  or concerning that piece of real estate as well. 

The collapse that has happened in America has been widespread.  Demographically and geographically.  From Port Angeles WA down to Miami FL, houses are being lost by everyone.  The rich and the poor alike.  (Well, not the super rich...but some of the lesser rich.  You know the type.  They look rich?  The "I have a lot of loans right now" type of rich.  There's more of them than we'd like to believe.  And one of them happens to be the US Govt.  Remember them?)

The whole real estate crisis that is happening here in the states in some parts of the world is completely incomprehensible.  Fly to Egypt and ask someone if they understand the real estate crisis here in the US, likely they will not.  Why?  Because in Egypt you can't get a loan to buy property.  You buy it with cash or you don't buy it at all.  It is a completely unAmerican philosophy.  Try having a real estate collapse with that.

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