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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John McCarthy who wrote (68378)8/31/2007 5:43:18 PM
From: Snowshoe  Read Replies (2) | Respond to of 116555
 
>>whose gonna buy these homes?<<

That's easy. Millions of those "homes" are condos which will be snapped up by vulture funds, converted to apartments, and rented out to folks who can no longer afford to buy!



To: John McCarthy who wrote (68378)9/2/2007 11:29:40 AM
From: Metacomet  Respond to of 116555
 
whose gonna buy these homes?

Nobody.

There are no buyers in most markets because of the universal belief that prices have to, and soon will, go much lower.


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