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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 416.72+1.2%Dec 26 4:00 PM EST
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To: carranza2 who wrote (29310)2/10/2008 4:41:49 PM
From: Maurice Winn  Read Replies (2) of 218740
 
I'm lined up to buy their houses. But Big Ben has to cut interest rates a lot and make them long term cheap. I want 20 year loans, not overnight loans, if they want me to buy a lot of houses. Or, the prices have to go down a lot more than I imagine they are wanting.

<There are buyers lined up wall to wall to buy any houses which are sold.

Not at all.

A homebuilder in California is holding a 50% off sale in an attempt to get rid of hundreds of homes. This is not what one sees when sellers are in control. >

50% off what? C2, when I see "30% off" "Sale" signs, I don't even bother looking as it means they are too dishonest to even put the right price on display.

Maybe they mean "50% off what we hoped to get in the extremely high-priced dreams we had of getting rich quick".

They could sell every one of those houses tomorrow if they held a no-reserve auction. Heck, they could sell them within 2 hours if they did that.

If they are having trouble selling them, I'll do it for them for 10% of the bids.

Who said sellers are in control? I have never yet seen sellers "in control". There is still a thing called free will and buyers have it.

Mqurice
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