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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Zincman who wrote (44072)10/24/2005 5:26:45 PM
From: Jack of All Trades  Read Replies (3) | Respond to of 110194
 
I don't think those decline numbers were that accurate, if they only fell 20% why did the fed have to step in and take over banks and liquidate property.

I personally know of condos in NH that were going for $125K that they were begging people to buy at auction for $10K...



To: Zincman who wrote (44072)10/24/2005 5:28:45 PM
From: Colin H  Respond to of 110194
 
I'm sure you'll find plenty of willing sellers.



To: Zincman who wrote (44072)10/24/2005 7:57:42 PM
From: russwinter  Read Replies (2) | Respond to of 110194
 
<If so, what % declines do you foresee in the US RE market.>

40% in Bubble markets, on down to 10-20% in more restrained ones, so between 10-40% generally. It will be a five year sandpapering process, then prices will be largely flat for years.


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