The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Travis_Bickle who wrote (71916)	2/11/2007 3:52:24 PM
From: saveslivesbyday	Read Replies (1) of 306849

Wall Street knows all this. But it expects the downturn, while severe, to be short. It figures builders will hold a fire sale this year, work off unsold homes, take a big profit hit and get back to business in 2008. ---- Right, like Dorothy in The Wizard of Oz. Just close your eyes and repeat "back to 2005 highs, back to 2005 highs..." ---- Seriously, the problems with this simplisticly optimistic view are; How severe a downturn? How short is short? What will a fire sale do to margins? Just how many unsold homes are there? What if the dust doesn't clear until 2009, or later? I did like the article though.

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