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Strategies & Market Trends : 50% Gains Investing

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To: tdl4138 who wrote (46580)	6/3/2006 5:19:23 PM
From: Broken_Clock	Read Replies (2) of 118717

You should post that on the yahoo JOE thread. -g- I was interviewed by the local paper last week and gave a modified version of your take. Used the "R" word". It appeared front page lower fold but the "recession" quote was lifted and played all day on the local radio stations. The flak I got was all Realtor based. Of course, the positive feedback came from the public. They already know the market is too high because they can't afford to buy a house and can barely afford rent. FWIW, some think the rental; market will go higher. I disagree. I think it will correct significantly in many areas. Some long time real estate pros called or emailed and gave me positive feedback. Not one detractor had the cajones to confront my viewpoint directly. All badmouthing and snide backbiting. It will get ugly. Interesting that my MLS stats show some of the hottest projects now have listing 20% below the perak sales of last year and there are NO buyers. Isn't a 20% decline considered a recession? I think so.

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