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

To: Think4Yourself who wrote (104730)2/13/2008 10:33:28 AM
From: Michael Mc DonoughRespond to of 306849
 
According to Goldman Sachs, by the end of this year, 15 million U.S. households could be "upside-down" on their mortgages, ie, they owe more than their homes are worth. According to the U.S. Department of Commerce, there are approximately 111 million households in the U.S. so 15 million is not an insignificant number. According to Zillow.com, a real estate data service, 39% of people who purchased a home in the last two years are upside-down



To: Think4Yourself who wrote (104730)2/13/2008 11:36:26 AM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
Interesting in that my shorts, CNW and MHK, AKA "Con-Man" and "The Mohican" are both getting scalped in this otherwise unfathomable rally. I think we have pretty tough resistance just overhead at Dow 12,500 or so, pretty good low risk entry point.


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