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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (288665)5/19/2006 9:02:19 PM
From: Road Walker  Read Replies (2) | Respond to of 1575421
 
re: You don't ever want to be in the situation where you can't sell your house. Its the most frustrating experience.

I bought at the absolute low in the FL market, about 14 years ago. We would be going around with a realtor, and people would literally beg us to come and see their houses. It seemed like 1 in 4 houses were for sale in those days... I'm sure it was less but you would often see 5-6 houses in a row, all with for sale signs, and very few buyers.

I don't think a lot of people know what a bear market in real estate is like.



To: tejek who wrote (288665)5/19/2006 9:09:37 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1575421
 
Ted, There's a good 6 months to a year lag time before sellers get that the market is gone south.

I'm thinking of Wile E. Coyote going off the edge of a cliff. He stops in mid-air, suspended, looks down and realizes that the ground is no longer there. He then looks at the camera and holds up a sign saying "YIKES!" before he suddenly begins his rapid descent.

Tenchusatsu


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