From: Les Cargill 
Newsgroups: sci.econ sci.physics soc.culture.china misc.invest.stocks misc.invest.real-estate
Subject: Re: How do I short real estate before the bubble pops?
Date: Fri, 02 Sep 2005 02:42:11 GMT

royls@telus.net wrote:

> On Wed, 31 Aug 2005 22:07:37 GMT, user@127.0.0.1 wrote:
> 
> 
>>On 31 Aug 2005 01:58:30 -0700, "Shanadu" 
>>wrote:
>>
>>
>>>You'll get your punishment soon enough when the bank comes to repossess
>>>your worthless house after the pop.
>>
>>then what will the bank do with the house?
> 
> 
> By law, and for very good reasons, they are not allowed to keep
> foreclosed properties, so they have to sell them.  I suspect this law
> will be changed, though, to allow banks to become major landowners
> through mortgage foreclosures.
> 
> -- Roy L

They have a lot better cash flow if they get 'em off their hands. 
Just sayin... that was the solution after the S&L debacle.

--
Les Cargill