Purchasing Countrywide did as much to save Bank of America, whose stock would have taken a massive hit if Countrywide went belly up, as it did Angelo Mozillo (who nows gets to avoid the possibility of jailtime if the company did crash and declare bankruptcy).

Even with all the press about house prices crashing there are regions around the US where house prices were up for 2007.Even with the 'crash' prices were down nationally 1.8% if you use the broadest market data.

Thanks to the US Subprime Fallout and resulting economic decline, we're starting to see global markets collapse.
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Stock markets around the world are down today across the board, with most of the largest and most im...

Hey folks. Our servers were knocked offline for over an hour this evening. Thanks to everyone who tried to let us know about this situation. The problem was caused by weather in California and shouldn't be an issue...

Mostly because Portland got a bit hammered by the dot.com crash.

I have made pretty substantial income (over million in a year) in a different industry several yrs ago but it all crashed (guess I was stupid enough to think it would go on for ever, livin large).

I sold my last rental (a duplex) just before the crash/recession (lucky me) and stayed out due to how frothy the market was.

What percentage of your REI investments were purchased pre-bubble (before 2006) and after the crash (after 2006)?

Hi Jon, thanks for the welcome.The local economy here is pretty good and our housing market didn't crash as bad as other parts of the country.

That does not sound ready to crash to me, based on historical patterns for the yellow metal.