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Originally Posted by BoNgHiTtA
Im going to have to go with people like Greenspan and Buffet. There are pockets of hyper growth (look at the areas posted in the other thread) BUT, other areas are appreciating at a sustainable rate. Sure, there is a bubble in some areas, but others are not in any sort of stock market decline danger.
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Sure it's in pockets! Problem is those 'pockets' are the hotbeds of loaning, borrowing, profit and where one investment piled on another. When one area becomes profitable other industries surround it like a fungus.
When those 'pocket's burst it's like termites in wood, like rust in iron.
When the profitable pocket bursts more than just one person feels the impact!
California is the money maker for this country. If it bursts the entire country and world feel the impact.
The average citizen cannot afford a comfortable and secure future and that bodes ill for all.