Comments on: Look at it This Way: Real Estate is On Sale! http://www.cdobs.com/archive/our-columns/look-at-it-this-way-real-estate-is-on-sale/ Thu, 09 Feb 2012 03:41:30 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DK http://www.cdobs.com/archive/our-columns/look-at-it-this-way-real-estate-is-on-sale/comment-page-1/#comment-5396 DK Wed, 30 Nov -0001 00:00:00 +0000 http://www.cdobs.com/archive/our-columns/look-at-it-this-way-real-estate-is-on-sale,629#comment-5396 It is worth noting that a significant number of mortgages were taken out by real estate speculators. These people imagined that the boom in real estate prices would last indefinitely and that they could purchase properties and resell them at a substantial profit at a later date. The bubble burst, however, and the market adjusted itself. If these speculators had purchased stocks on credit, would anyone be advocating a bailout for them if their investments were losing money? It is worth noting that a significant number of mortgages were taken out by real estate speculators. These people imagined that the boom in real estate prices would last indefinitely and that they could purchase properties and resell them at a substantial profit at a later date. The bubble burst, however, and the market adjusted itself.

If these speculators had purchased stocks on credit, would anyone be advocating a bailout for them if their investments were losing money?

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