2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 398.52

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4:00 PM EST

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To: TobagoJack who wrote (44486)	12/30/2008 6:15:44 PM
From: prosperous	Read Replies (1) of 218802

The last set of home buyers that govt may be counting on to buy will not be attracted by lower interest rates but mostly lower prices on houses (many of those who were driven by low interest rates already have bought and are about to sell); unless the prices fall enough (not by looking at them in the bubble time frame of last 3 years but in traditional sense over a longer historical period) it will fail to entice the remaining folks to buy. The prices in many areas need to fall further to make house buying attractive under this level of economic uncertainty which the govt is trying to avoid; until that time, the only hope to stimulate anything in the housing market is minimizing foreclosures but its not clear that process is working either. The consequences of a lot of govt actions on housing are at odds wrt to their goals and many are poorly conceived and being implemented in a hurry.

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