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

To: ild who wrote (74379)	11/21/2006 2:10:44 PM
From: GST	Read Replies (1) \| Respond to of 110194

It is a lousy market for selling a home, but not exactly a terrifying market. If Florida is any indication, I doubt the global economy is in grave danger from the US housing market.

To: ild who wrote (74379)	11/21/2006 8:10:17 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 110194

RE:"So far it's very soft landing" So far but wait for April,2007. That's when the sellers realize the snowbirds aren't gonna bail them all out. That's about the time "season" ends down here. The number of listings is about to explode in anticipation of a snowbird buyer. Seller reality will set in in the spring. When hopes are dashed, another leg down. This one will hurt much more because the first leg down wiped out a lot of fluff, ridiculous asking prices. The next leg down will be more "underwater" money. As in more foreclosures and selling at losses.