Welcome to Slider's Dugout Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SliderOnTheBlack who wrote (6470)	9/20/2007 1:59:31 AM
From: SwingTrader2006	Read Replies (1) of 50501

Slider...you are missing the difference in opinion's here...YOU and MERKS keep focusing on the STOCK MARKET whereas the DEBATE was about REAL ESTATE and FUTURE PRICES OF SUCH! My response to "Mrs. Omalley" (wow, she sounds like a Fighting Irish Fan too!! What a surprise!! LOL) was as follows...and it was about REAL ESTATE, not the stock market: <<Mrs. Omalley, While I agree with your DOW target (just not that soon), you can't honestly think that housing and mortgage origination will resurge soon, can you?? There's a massive portion of the population who will be UNABLE to buy a home due to tightened underwriting. No more 100% financing on marginal FICO's. BAM!! You've just wiped out a significant portion of the US homebuyer! They have a ZERO savings rate now. How do you suppose they'll come up with 20% down on a normal 80% LTV purchase loan...AAAAAAAAAAAAAAAAAND have to VERIFY their income to qualify for the loan? No way, Jose. Stick a fork in the real estate market for now. Home prices have only just begun to head south...the patient investor will get real estate for much cheaper in a couple of years. Interest rate cuts ain't gonna save it. You had better hope for something much larger than .75 bp cuts....that ain't gonna do the trick and will serve as a temporary blip only. Just my opinion.>> Let's keep our eye on the SAME ball here, Slider. ENough of the bait & switch stuff already. For the last time, the DEBATE was about REAL ESTATE. REAL ESTATE PRICES IN THE US WILL CONTINUE TO HEAD SOUTH IN A BIG WAY OVER THE NEXT THREE YEARS. Heck, even Merks' buddy GREENSPAN said housing prices face double digit declines soon. Like I said...30-50% in some areas. OUUUUUUUUUUUUUUUCH. Can ya'll say JAPAN? Hay'l Yeah :-)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next