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

To: marginnayan who wrote (70645)10/29/2007 3:13:07 PM
From: marginnayan  Respond to of 116555
 
Anal ysts - Housing prices never go down. And when it comes to California, the story gets even better with shortage of land.

Oh Yeah ! Not any more now, you assholes. Not me, one of the largest US home builder CEO says so.



To: marginnayan who wrote (70645)10/29/2007 6:22:18 PM
From: Dan3  Read Replies (1) | Respond to of 116555
 
Re: Home prices could fall 10-15 % in year 2008

Won't be a problem thanks to the Fed's "20% inflation rate, here we come" program.

You'll see the price of your house actually rise 5-10% instead!

:-)



To: marginnayan who wrote (70645)10/30/2007 3:08:51 AM
From: mishedlo  Read Replies (2) | Respond to of 116555
 
Problems Delayed Are Not Problems Solved
globaleconomicanalysis.blogspot.com
People are delaying the inevitable by maxing out credit cards to make their mortgage payment. Rising credit card delinquency rates is the "next skeleton in the closet." Credit counselors have a main concern to keep people in their houses. The main concern should be to get rid of the problem (the house) and have people live within their means.
Mish


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