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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: SouthFloridaGuy who wrote (890)6/21/2007 10:31:49 AM
From: John VosillaRead Replies (1) of 1718
 
'With that said, the housing market is f*cked for the next 12 months.'

The big problem going forward isn't the often talked about FL or AZ where the crash is real and much worse than publicized. It is the global financial centers like a NY or London where values need to adjust in a major way and haven't relly done much as of yet. This brings comfort to managers of global liquidity that it hasn't happened yet. All is okay we can handle a reported 2-3% drop in median home prices..
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