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

To: John Vosilla who wrote (84433)	8/10/2007 11:19:28 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

Let's face it: All of the builders could completely shut down for a year and there would be plenty of housing available. That's how serious the overbuilding was. We are definitely going to see a lot of employees/contractors let go by the builders this quarter. I wonder if they are out of illegal aliens yet?

To: John Vosilla who wrote (84433)	8/10/2007 11:26:15 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

every person i've asked, 'where do you see the price of RE going next year' the answer is always 'lower' obviously market psychology has swung completely the other way (except of course that manhattan mortgage broker<g>) and i'm not at all convinced even a rate CUT will do much to stimulate demand i told my daughter to consider renting in the near term after she sells her place, she's pre-qualified for $1.2M (at least she was in july) and she's looking for a bargain and she expects to get it!