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 Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (86573)	8/22/2007 1:50:52 PM
From: patron_anejo_por_favor	Respond to of 306849

>>Do you people actually think that Florida can bring down the rest of the US?<< To some degree it's happening right now. Georgia, Michigan, and Nevada all had higher foreclosure rates that Florida. Even your sacred California had higher foreclosures. We're in maybe the 3rd or 4th inning here, I expect the bottom to be in 2009 and than an "L-shaped recover" for a couple more years. Google, RIMM and CSCO routers sadly won't change that for most Americans, perhaps gardening tools over the internet from AMZN will....<G>

To: Lizzie Tudor who wrote (86573)	8/22/2007 3:12:19 PM
From: Minos	Read Replies (1) \| Respond to of 306849

<Housing started to decline in Fall 05> LT, you make some good points. There are lots of folks in SF, San Mateo and Santa Clara Counties walking around with Monopoly money. The Google effect...and that makes things different. But let's not forget that peak resets will be in early 2008, I believe. The spike in Jumbo rates is a whopping one-week old. And just wait 'til some big finanical player is finally forced to mark some of the worthless paper they're holding to market. That's when the real fun will start. You don't think there will be ripple effects? Silicon Valley will not be imune IMO. Might not be disaster, but I seriously it doubt that it's all good from here and it's double digit appreciation forever like it has been..