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: Think4Yourself who wrote (148064)	9/19/2008 1:28:53 PM
From: Jim McMannis	Read Replies (1) of 306849

The key of course is how much RTC-2 pays for the banks junk. There is the possibility the taxpayer will get out with a minimal hit. Of course, this is prolly going to crush RE prices even more and more quickly because of the supply. ANd it's still going to last for years because of the Option Arms in 2010, 2011. Not even mentioning commercial. Local Government budgets get crushed sooner too. No reprieve for RE in 2009 like I figured. The saddest thing would be if they don't make some rules to prevent this from happening again. If they bust the people responsible for this then I can tolerate the fix. If not, it's a half assed bailout.

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