SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Welcome to Slider's Dugout
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jim_p who wrote (6358)9/12/2007 10:25:04 AM
From: SwingTrader2006  Read Replies (1) of 50037
 
Real Estate PRICES will drop 50%...

<<<The devastation in real estate is almost too vast to comprehend. The mortgage bubble is roughly $5.5 trillion, and yet, prices have just begun to fall. It’s a long way to the bottom and there’s bound to be plenty of bloodshed ahead. Two million homeowners will lose their homes. 151 mortgage lenders have already gone belly up. Many of the hedge funds—which are loaded with billions of dollars in “mortgage-backed” securities are struggling to stay alive. Perhaps the most shocking projection was made by Yale University Professor, Robert Schiller, who believes that home prices could decline as much as 50% in some of the “hotter markets”. (Schiller’s book “Irrational Exuberance” predicted the dot.com bust before it took place) The effects on the US economy would be considerable. If other factors come into play---like a stock market crash and a subsequent period of deflation---we could see housing prices descend 90% as they did between 1928 and 1933.>>>

Now THAT'S more like it. You see, the writing was not only "on the wall" a few years back (no money down, interest only loans, marginal credit, etc)...heck, it was PLASTERED ON EVERYONE'S FOREHEAD!! It was comical to watch all the "experts" in the media call for a "soft landing" in US Real Estate...it truly was. Yes folks, like it or not, the US is "pulling a Japan". We've ben on that same track for 7 years and there's no turning off it now. TIC TOC...TIC TOC.

Get ready to buy real estate at fire sale discounts soon. 2009/2010 will be the years to buy. Patience is all that is needed.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News