Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Broken_Clock who wrote (84774)	8/9/2007 8:33:16 PM
From: Think4Yourself	Respond to of 110194

Yeah, you present a grim but accurate picture. when it comes to selling property for the next year, last one to lower their price loses the most. The institutions will soon be forced to move their REO's at whatever price the markets will bear because of all the foreclosures coming in. The smart homeowners will bite the bullet and take their lumps right now, as in "today" now. The rest will get the shaft.

To: Broken_Clock who wrote (84774)	8/9/2007 8:33:16 PM
From: Think4Yourself	Respond to of 110194

Yeah, you present a grim but accurate picture. When it comes to selling property for the next year, last one to lower their price loses the most. The institutions will soon be forced to move their REO's at whatever price the markets will bear because of all the foreclosures coming in. The smart homeowners who need to sell will bite the bullet and take their lumps right now, as in "today" now. The rest can drop trow and bend over because they will be getting the shaft. Between the builders having to move inventory, the banks having to move foreclosures, and the credit crunch removing most buyers, the pricing is setting up to take a major nosedive. It's not even debatable at this point. It is inevitable.