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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 (84590)	8/10/2007 10:29:44 PM
From: Jay	Read Replies (2) \| Respond to of 306849

John & Lizzie, What do you think are the chances for a 50% decline in SF, and when will it happen?

To: John Vosilla who wrote (84590)	8/11/2007 3:50:17 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 306849

Poker game The banks are bluffing. They are holding REO s trying to sell them at market prices. Doing a few short sales if someone is ambitious enough to bring the deals to them. At the moment they are in no hurry to offload them. If they had to mark to market the entire portfolio,better to sell them one at a time retail! -s- How long can they continue to do this? They will all start puking them up at once. When? If they are serious about demanding 20% down! 2 to 3 months for the awareness to sink in? Just talked to a friend of mine who was a VP of WM. They want 20% and full doc. They laid off everyperson he knew there last night. He used to be in charge of the eastern half of the U.S.