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Technology Stocks : Semi Equipment Analysis
SOXX 361.13+0.2%Jan 29 4:00 PM EST

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To: michael97123 who wrote (38011)2/7/2008 11:06:20 AM
From: Sarmad Y. Hermiz  Read Replies (2) of 95806
 
>> Even normal reporters are saying that home prices may decline nationally by 30% before htis is all over.

>> socialist that i am

Whether socialist, communist or capitalist, used home prices cannot be very different from new home development and construction cost. (minus some wear and tear, plus landscaping). If that figure is a decline of 30%, well, that was the right price all along. If that puts some folks in a bad situation, there is nothing anyone can do about it. They'll have to wait 5-10 years until inflation restores the nominal price.
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