There is this housing development near my home. Built 2006 top of the market, $500K homes, Just these monster homes.
Finally 2 years later, this weekend they are getting rid of them at 250K.
If you notice the chuck Schwab commercial, the woman in it, talks about "going to cash", and how she just wants to preserve what she has. And the Schwab is offering a high interest "Savings" account.
Monday, March 9, 2009
Capitulation
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