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

To: BWAC who wrote (83042)	8/3/2007 8:37:01 AM
From: Think4Yourself	Respond to of 306849

I agree many of the builders will survive but their business will be non-existant for at least the next year. Sales incentives are going to become incredible. Patient home buyers sitting on the fence are going to do very well by waiting 6-12 months. Saw/heard an interesting statement in the last hour of catching up. The person commented on the gentrification going on in many urban areas. They claimed that this gentrification would stop cold with the lax lending standards being tossed in the dumpster. I agree completely. People won't be able to get loans for speculative buying of junk homes and the buyer class to live in those areas won't be able to get loans either. Those areas are going to get hit very hard.