Start of real estate crash?

Agents Online Real Estate Idea Center: Start of real estate crash?: "Low interest rates, increased tax advantages and lowered standards of underwriting debt made common people in America buy real estate like crazy chasing prices never heard before. Many common people now hold many vacant homes with a hope of massive appreciation to continue. Now is the pay back time. The smart money finally got hold of these common people and now the common people have to pay rest of their life the mortgages as the prices come down to the earth dropping 50 to 75% over the next ten years.

With the new bankruptcy law, it will not be possible to walk out just like that from home ownership asking the bank to take the loss.

Now comes the neck breaker! US Federal deficits are so high that sooner and later something must be done. Natural tendency of the Government is to look at the gold mine of taxation ? take the tax advantages out from real estate slowly and that will lower the budget deficit fast. But that will also collapse the real estate and escalate the downward spiral. The 1997 tax advantages helped the smart money rich folks because the upper end of real estate escalated by more than 200% from 1998 to 2005. But now the coming tax reform on real estate tax advantages will take the market down. But the smart money rich folks have transferred the real estate to common people who always suffer at the end of bull cycle. "
--------------------------------------------
Buying a Home Foreclosures- Buying a home foreclosures makes you generate quick profit. Step-by-step process in buying a home foreclosures for quick cash.