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

To: Smiling Bob who wrote (175763)	1/8/2009 9:03:20 AM
From: Think4Yourself	Respond to of 306849

I love the housing speculators. Someone needs to pay all those property taxes, or mine go up. Better them than me. When I step back and look at it, people seem to be making the same mistakes of years past. Everyone is thinking the same thing, and acting the same way. They are also thinking the last great moneymaker will be the next one. Never mind that all the builders are still building, and easily have the ability to increase production if housing prices bounce back. Never mind that the tax incentive on non-primary housing, which started the bubble, is almost certain to go away soon. There is currently a large amount of real estate being held with dreams of big profits "when the markets recover". Real estate is the last thing I want to invest in right now. I'll wait until these "investors" sell, either from frustration or forced liquidation. There are still the option ARM resets coming, which will force home prices down (and drive the "investors" deeper underwater).

To: Smiling Bob who wrote (175763)	1/8/2009 10:55:06 AM
From: coug	Read Replies (2) \| Respond to of 306849

As we sit on the edge of the GREATEST DEPRESSION, the senate leadership grandstands with the APPEARANCE of ethics and the "news rooms" eagerly take the bait.. It's just a stalling tactic for something.. Maybe it buys them more time for stocking their own larders as they know where we are heading.. I don't know.. And this CRE thing is just starting to hit the fan. Take the Macy's closings.. As the big anchors ride out of town, that gives the smaller retailers in many of those malls the right to break their leases, which they can't wait to do.. At least, that's the way I understand it. Talk about ghost malls then which will lead to ghost towns or vice versa.. Which comes first ghost towns or ghost malls. I don't know.. We, US, were just too fat in every aspect of our lives.. It's diet time.. PS:Another fraud just broke according to CNBC...Ho Hum, what else is new..

To: Smiling Bob who wrote (175763)	1/8/2009 12:27:42 PM
From: Perspective	Respond to of 306849

Banks own a whopping 0.1% of the value of outstanding loans? And we're nearing bottom? Gimme a break! From your post: <Banks OWNED a record $11.5 billion of repossessed homes in the U.S. at the end of the third quarter, according to the Federal Deposit Insurance Corp. > from finance.yahoo.com <Fannie and Freddie own or guarantee about half of the $11.5 trillion in U.S. outstanding home loan debt. The government seized control of the sibling companies in September.> When this is done, they will have likely cycled through 10% of the stock of residential RE. Wake me up when there is $100B in REO they're trying to clear... `BC