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

To: Broken_Clock who wrote (50525)	1/20/2006 6:33:39 PM
From: patron_anejo_por_favor	Respond to of 110194

>>I expect this coming summer to look something like the action in Goog today. -g-<< The summer of LOVE, bayyyybeeeee.....for real estate bears, anyway....<G>

To: Broken_Clock who wrote (50525)	1/20/2006 6:39:51 PM
From: Mike Johnston	Respond to of 110194

If the sellers are angry and frustrated right now, with the market off just 5-10%, how will they feel when the prices will be 20% of the high ? or 40% ? And how about condos in Florida that need to drop 50-70% to reach fair value. I would expect a lot of anger not only at realtors, but at neighbors for "ruining the comps" I think with house sales it could be worse than goog. At least one can sell goog instantly and anonymously. With housing, price a home 10% below market and you might receive threats from your neighbors who will blame you for destroying the values, their retirement savings and their chance for another cash out.