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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: pogbull who wrote (111)1/12/2003 11:30:33 PM
From: Jim Willie CB  Read Replies (1) of 1210
 
changing my mind also, Doc, housing decline to pick up
I was convinced by Mauldin's reference of Greg Weldon last autumn
things in real estate happen slowly
we may have already seen big declines
we wont know until the up4sale properties actually sell
that is what is so unique about property

it is an erosion process, agreed
job loss will lead the process, as RichRussell said
speculative buyers will end buying, then outright sell
the demand side has already begun to erode
the supply side hasnt figured it out yet
new construction is still humming along
except for Florida, I think the whole game is sputtering now

/ jim
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