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To: SouthFloridaGuy who wrote (1521)11/8/2007 11:42:28 AM
From: Jim McMannisRespond to of 1718
 
Depends on the area but prolly about 24% or 1% drop a month. And that's not a WAG. Problem is that this could go on for another 2-3 years as there is a big bubble of "option" ARMs resetting in that time period. Subprime ARMs peak in 2008 but that could be pushed back due to extentions etc.
By 2010 Clowngress should start passing laws that prevent speculation on housing. But who has faith in them to do the right thing.



To: SouthFloridaGuy who wrote (1521)11/8/2007 11:58:18 AM
From: John VosillaRead Replies (2) | Respond to of 1718
 
This credit crunch now has 1990 written all over it.. Even Wall Street now knows it and few talk about this mythical housing rebound to save the day and bail out lax lending policies of recent years anymore.. What a bind we are in with the dollar already down near 15% to record lows in a year. Love to hear Ron Paul talk about it as well as GST and a few others on the credit bubble board..


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