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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Travis_Bickle who wrote (82045)5/23/2007 10:13:06 AM
From: John Vosilla  Read Replies (1) of 110194
 
'more writeoffs coming for the builders'

And hopefully opportunities for me again.. Are long time RE investors you come in contact expecting this to turn by next year? I've come across 'old school types' with deep pockets putting their money on depressed lot prices at auction expecting that turnaround. I don't know if these guys are unaware of how bad it really is or just are perennial optimists believing in the 'paradise.. 1k a day people move here' mantra as most folks in RE have to be..
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