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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Dan3 who wrote (57639)7/13/2006 8:15:59 AM
From: Think4YourselfRead Replies (2) | Respond to of 306849
 
I am probably the most bearish on this thread when it comes to the homies and even I am surprised by the data that has been coming out in the last few days. Always thought we would have a hard landing (soft landing was an absolute joke!), but info from the homies in the last few days suggests it is going to be a crash instead. Things have deteriorated very fast.

Am now very pleased I got our retirement accounts out of the markets a few months ago. The problems with the home builders are about to start rippling through the economy. First round of layoffs has begun. Wouldn't want to be a housing subcontractor right now. Many of these people may not know it yet but their future looks pretty grim.



To: Dan3 who wrote (57639)7/13/2006 10:22:49 PM
From: John ChenRead Replies (1) | Respond to of 306849
 
Dan3,re:"it's going to impact the whole economy". Sure, very
positive. Example: the buyer had to pay $500K, now has
$50 to $100K more to spend due to the soft landing. The buyer
is going to buy a lot of furniture, upgrades, landscaping ..,
taking the kid(s)/spouse to eat more often. This put the money
back into the economy immediately. This is a WIN/WIN/WIN
situation, both the sell/buyer/RE-pros.


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