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

To: Jet.Screamer who wrote (168959)	12/4/2008 12:00:22 PM
From: Patricia Trinchero	Read Replies (1) \| Respond to of 306849

No one is buying cars right now for many reasons. Credit is tight and a 700+ FICO is needed to get a loan. We know a car dealer that was TD'd by GMAC on a car loan. Bailing out the car makers isn't going to solve the problem cause it won't be helping mainstream America to buy a car....................if the dealers can't seel their existing inventory they won't be ordering new vehicles. In LA, imported vehicles are "sitting on the docks" cause no one is buying them either. In fact, there isn't enough space to offload and store the new imports .