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

To: Jim McMannis who wrote (138389)8/1/2008 12:20:59 PM
From: John VosillaRespond to of 306849
 
My gut tells me they want to inflate there way out of the mess and avoid marking down a lot of the paper.. No one notices postage stamps and minimum wages going up at rates not seen in 30 years? Did Mish do a blog on that yet? At this rate costs to construct the building and infrastructure will be 4-5 times current values in another couple of years in the worst hit markets.. Of course building lots will be worthless and most builders will go bankrupt or hang on life support the next 5-7 years..Just look no further than Lucent and Nortel this decade



To: Jim McMannis who wrote (138389)8/1/2008 12:47:56 PM
From: bentwayRead Replies (2) | Respond to of 306849
 
"Now I think we could drag on for 5 more years."

Naw. The clownsumer won't be able to hang in that long, neither will the PPT. Once the clownsumer stops buying, America stops working, the markets stop bulling and the death spiral begins. How prepared are Americans for truly tough times?

Got guns & ammo?


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