Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (369667)	2/3/2008 1:11:34 PM
From: tejek	Read Replies (1) \| Respond to of 1583406

Well, you and I live in the last two appreciating areas of the country. First of all, most areas of the country are not seeing significant price declines. For areas that are like CA and NV.......there are two reasons: increased foreclosures and increasing difficulty of jumbo loan approval, a significant problem in expensive markets. Once jumbos start getting approved, the price decline will slow. Secondly, there is pent up demand just as a new house inventory is starting to fall. I see those two elements coming to a head in 2008. Finally, slowly but surely both the subprime and credit problems are geting addressed and will be less of a problem going forward.