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

GLD 368.12

-0.5%

Oct 31 5:00 PM EST

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To: prosperous who wrote (50464)	5/26/2009 12:52:07 AM
From: nonrev	Read Replies (1) of 217516

Hello Prosperous.. Don't think its region specific. I live in NW Florida and when I'm home I usually tour a 3 county area observing the housing situation (at some point I'll be a buyer). I note similiar conditions. People have not recognized that homes are not going to sell for 4.5 x median income, are not even going to sell for 3 x median income. With a few exceptions, they are holding out... asking too much... expecting things to turn around. The only difference is that there is no building going on now in this area I do note that folks are finally beginning to feel... uneasy. They are beginning to sense that something isn't right.. and they have a few vague ideas what it might be... but nothing concret is forming in their minds yet as to the actual F%$#ed situation we are in. When the realization does dawn... at last... upon these folks than the fur will fly... Rgds nonrev

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