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

To: Think4Yourself who wrote (93902)	11/6/2007 9:02:30 AM
From: 10K a day	Read Replies (1) \| Respond to of 306849

> We are near the bottom with subprime ARM adjustments peaking last month. Foreclosures should peak in the next few months.<< Where do you live dude? [I live in Sacramento] Gas prices are killing me. $3.39/gal yesterday. I admit i'm damaged by driving down the street and seeing 4 foreclosures in a row. None of them have seriously lowered their asking prices. The listing agents must be smoking crack still. I really don't have to be right and I really have nothing invested in this. I'm paying 1550/month in rent and i can't get a FHA loan to save my life but that's a long story. I got a 18 month old little girl to run after so life is good. :)

To: Think4Yourself who wrote (93902)	11/6/2007 9:07:20 AM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

>>We are near the bottom with subprime ARM adjustments peaking last month.<< They haven't peaked yet, they got rolled out some due to refinancings.....

To: Think4Yourself who wrote (93902)	11/6/2007 9:18:07 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

This wave of ARM adjustments won't peak until March '08. Or so I saw a chart. Basically will complete the first wave. Frclsures just started. They can take a year or more. When the Gov. gets in and helps it will extend the downturn further.