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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (23077)	9/25/2007 8:59:32 PM
From: Snowshoe	Read Replies (4) \| Respond to of 217936

>>My hunch is there aren't that many folks who can afford the $2500. per month required for "entry level" housing.<< So smarter folks with ability to postpone gratification will simply wait until declining house prices and rising savings reach the point where a purchase makes sense. >>whole lot of folks are swallowed in the debt hole they created by multiple re-fi's to keep up with the Joneses.<< CB will help those folks declare bankruptcy, and they'll rent for at least the next ten years. >>Finding the affordability intercept will not occur before most of the major builders are BK<< Agreed. We have a multi-year inventory on hand, so no need to build anymore right now. Since the housing sector was such a large piece of the economy, how will USA make money going forward? WHAT IS THE NEXT ABRACADABRA???