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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (103084)2/3/2008 11:57:02 AM
From: SouthFloridaGuyRead Replies (3) of 306849
 
They financials will bottom when they come clean with all the losses and/or the writedowns begin to diminish.

Seems unlikely with commercial real-estate, credit default swap blow-up, hung bridges, maybe a muni bond blow up or two, less transaction revenue looming and bloated staffs looming.

Everybody demonized the hedge fund industry these past years, but look where the real excess were...

To stay true to the real-estate aspect of the board, I keep asking myself if I am missing something as I do want to buy a place. However, sellers mentality is still arrogant here, albeit much less so, and the despair that usually marks bottoms is nowhere close.
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