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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (101052)	2/8/2009 7:17:44 PM
From: TH	Respond to of 110194

TE, There is a limit, for they are not making money at current pricing (due to utilization of tooling capacity). But, we may see more zero financing and pricing cuts if more desperation sets in. I may sound very pessimistic, but I just don't see this turning around in a meaningful way before the cash runs out. Borrowed cash at that and subject to all kinds of conditions and "viability plans" to keep it flowing. I did do a pricing study on my house. I picked a number I would be happy to sell at (my neighbors will not be happy, for this number will crush comps). I was surprised to see that not a single house in my zip code was listed for this price. Maybe I'm too pessimistic on suburban Detroit housing prices that are not our in the sticks. GT TH