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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (27344)2/3/2003 7:32:15 PM
From: Frank Pembleton  Respond to of 36161
 
Russ, it seems to me all we have to do is go from 10 buyers for every 10 houses, to 8 buyers for every 10 to get that crash. So what, if 40% of the houses are paid for? It'll be kind of like watching the price of a junior gold miner collapse a hundred shares at a time. From what I've been reading it's the new homes that are selling like hot cakes (due to incentives) and not the used ones. I agree it's a very illiquid market.

Regards,
Frank P.



To: russwinter who wrote (27344)2/3/2003 8:45:25 PM
From: Victor Lazlo  Read Replies (2) | Respond to of 36161
 
<<. Lots of people will be stuck in illiquid, negative equity real estate. >>

That's your opinion, or do you have a crystal ball? Lots of people own their houses outright. Tough for me to see how those folks would be caught in illiquid negative equity real estate.

Contrary to the media hype, not every person in the US lost their life's savings in the stock market tech wreck.


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