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Strategies & Market Trends : Contrarian Investing -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (2677)	1/21/2009 12:14:44 PM
From: bruwin	Read Replies (1) \| Respond to of 4080

Well, for every Sale there must be a buyer, whoever or whatever that may be. And it's unlikely that the growth of the population of the USA is likely to stall or cease. So the requirement for a home will always be there to supply the ultimate demand. Eventually, and inevitably, demand will improve. However .... the US's main problem lies within its Financial and Banking system. There's just too much junk and unproven Assets on their Balance Sheets. Banks will not lend to each other, they won't lend to the man in the street, they're holding all the TARP money close to their chests, despite Government's steps to loosen up the Credit market. I suspect the worst may not yet be behind us for quite a while yet. The main sources of Bank's Collateral are not yet up to par so that does not help the system. And the improvement of their Balance Sheets are still away off, IMO. .... not too mention the Trillion or so in debt that the US has accumulated in the last 7 or 8 years.