The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (112399)	3/24/2008 2:28:27 PM
From: ChanceIs	Read Replies (1) of 306849

>>>Have I told you lately this will all end badly?<<< There is NOTHING, NOTHING the FED can do to hold up housing prices. They may be able to prevent a disorderly decline (I love that phrase). Down will come the prices. I want to buy. I know things have already gotten bad. I see a lot of REO. Now I see that the FED has a lot of REO. I know that the FED is even worse at handling REO than the banks. I wait. Prices drop. I wait. Prices drop. Etc. Etc. The only thing the FED can do is prevent a tornado. Perhaps they shouldn't even do that. Think Japan in the 1990s. If there is surplus inventory, there is surplus inventory. Or perhaps the FED should but and bulldoze. Bulldoze to what level??? So that the supply is 99% of demand, so that the builders can build a few more houses. May as well do with the builders what we did with the farmers - pay them not to plant. Was it here I saw that the Mexicans were upset and taking Arizona to task for back handedly deporting illegals by cracking down on the employers?? We haven't seen anything about the underground employment rate in a while.

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