In 1994 the smartest financial minds in the entire world created a series of debt instruments based on the fundamental concept that since the supply of land was constant that the price of real estate could never go down.  13 years later the Capitalist system as we know it hung by a thread.  

 

Stephen Hawking just had a theory proven false.  

 

Expert opinions are great, they are not however infallible.  For the purpose of conversation its more helpful to express the opinion held by those experts and then examine their merits so that we can all come to a better understanding of the issues and then formulate opinions on our own.  So when someone says that there was a letter signed by this person or that i am happy to read the merits and consider them for myself, that's being open minded.  But if you expect me to rent out my mind to someone just for a series of letters behind their name then I'm sorry to disappoint you.  

 

If that's the common practice of anyone on this board then i am not throwing stones.  I would just like to let you know that i have several members of my family that have achieved high levels of accomplishment in real estate sale and mortgages and we are open for business baby!

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