1700 Car Rentry

What goes around comes around. The automakers were on their lips, the worst collapse in history. Then some judicious federal leverage, a rewritten union contract or two, some bankruptcy tinkering, a few natural disasters in Asia, and voila, surging American auto industry.
No one has any pensions anymore but hey, there's always that 401K that's coming back now that the stock market is flirting with 13,000.
Or you could sell your real estate...
I saw an interesting billboard the other day that brought it home. Literally. It was from Quadrant Homes, the big mega-builder (as opposed to small mega-builder I suppose). Quadrant was the one that always advertised how spacious their homes were. And also made big investments in building large developments full of said mega-homes.
Imagine how over-extended over the yawning economic crater they might have been a couple of years ago. But you got to hand it to them, they're still around, and apparently finding new and interesting ways to sell homes.
The billboard I saw said, "Quadrant Homes, you buy ours, we'll rent yours."
This is not unlike kicking the can down the road isn't it? Hopefully a road where the rental market is sufficient to sustain someone actually owning two homes, one of which is now being rented. Owning more than one home—seems that paradigm had a problem a while back.
And if Quadrant goes bust, then what? Is someone writing a credit default swap on the paper?
Looks like the can they're kicking down the road is the proverbial can of worms.
It is interesting though. When I first saw the billboard, I was reminded of a stratagem that's always worked well for the auto industry.
You buy ours and we'll unload yours.
That's like a trade-in.
America ya gotta love it.