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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 414.48+0.7%Jan 9 4:00 PM EST
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To: Ilaine who wrote (71153)2/21/2011 3:54:29 AM
From: Maurice Winn1 Recommendation  Read Replies (2) of 219173
 
Seems odd: <still have many, many clients who have been expecting foreclosures for many, many months with nothing happening. > Presumably those tenants are no longer paying anything to the banks and are living rent free in the bank's property.

Surely it's better for the banks to foreclose quickly and get the property sold or rented to get some money back into action.

<the banks just cannot afford to foreclose. They, too, are hoping for the housing market to improve. I just don't see that happening soon. > Hoping for change to higher prices seems like wishful thinking when the backlogs for bankruptcy are enormous.

I would like to buy some houses in the USA. Perhaps it's time to see how much they are and whether I'd be allowed to live in them or not. I guess not or the prices wouldn't be as low as they are going.

Why doesn't the USA let foreigners buy houses and move in with no entitlement to anything and full obligation to pay their own way for everything? If they commit offences, confiscate their property [proportionately] and boot them out of the country.

That would provide a lot of cash flow which is apparently in short supply.

Mqurice
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