Home prices 10% to 30% to high! and Oil.

[farmaholic]

No argument there Sumdumguy, you're right. Credit was too easily had. There could be some interesting times ahead.

Congrats on the acreage Klause, if it has natural gas with all the other utilities including a fairly new well, you're laughing. And somewhere for Klausette to keep her horses for free, ahhh life must be good.

[sumdumguy]

A young rig worker that I know just bought an acreage for $750,000 with only a house on it. He is just moving in this weekend. Need I say more?

[BreadWinner]

Don't worry about the lender in that house worth $750,000, the bank would have to get at least 20% down and most likely a little signture from his daddy. Interesting times ahead for those oil workers. I'm think a scary reality check is in order. I remember the last real slow down in the 90s and most oil workers were real desperate for any type of work just to feed their families.

[wmoebis]

Do you think there is enough money left in EI to pull this off? Or has it all been squandered away, should have built a pretty good nest egg in the last few years.