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

To: Metacomet who wrote (84858)	8/12/2007 2:45:59 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Most people still think RE never goes down over time and if they can just hang on.... Apparently some reporters are a little slow.

To: Metacomet who wrote (84858)	8/13/2007 4:02:28 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<Can anyone come up with any type of scenario in which this foreclosure environment wouldn't result in price drops?>> I know I'm coming in here late, without reading any replies to your post, but I'll volunteer. (Being the contrarian on some of these topics seems to be my job--tough job, but someone has to do it. <<GG>>} The foreclosure environment might NOT result in a bunch of price drops BECAUSE..........the foreclosure environment (and the subprime environment in general) is a very small percentage of the entire U.S. homeownership picture. I'm not going to foreclosure. Probably no one on this thread is threatened with foreclosure. Are your neighbors threatened with foreclosure? Are YOU threatened with foreclosure????? Ahem....contrarian case closed. <<<<GGGGGGGG>>>>>