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

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To: ild who wrote (74379)	11/21/2006 8:10:17 PM
From: Jim McMannis	Read Replies (1) of 110194

RE:"So far it's very soft landing" So far but wait for April,2007. That's when the sellers realize the snowbirds aren't gonna bail them all out. That's about the time "season" ends down here. The number of listings is about to explode in anticipation of a snowbird buyer. Seller reality will set in in the spring. When hopes are dashed, another leg down. This one will hurt much more because the first leg down wiped out a lot of fluff, ridiculous asking prices. The next leg down will be more "underwater" money. As in more foreclosures and selling at losses.

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