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

To: Hawkmoon who wrote (110868)	3/17/2008 9:57:10 AM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

A 12 month, or permanent, time out on mark to market would RESTORE a bidding process as it forces people with your perspective to return to the market and place bids because now there's uncertainty whether the mortgages are actually worthless, or hold intrinsic value there's a home down the street from me that was listed a year and a half ago for $640K, now down to $520K and still vacant would you please tell me the value now? the fiction price of $520k that will not sell?? how about a year from now? forbes' suggestion is a recipe for freezing the market even more than it is now... once there is actually a SALE in the neighborhood it will at least give potential buyers an idea what the true market is the seller of the this property has not FORCED anyone to do a thing...it just sits there, vacant, a nonperforming asset