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

To: Wowzer who wrote (185277)	2/20/2009 11:24:51 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

well i guess we know how far the incompetence and corruption must go...no way you hide this for that long this market will not recover until confidence is restored ....and with the other cockroach stanford being uncovered, i don't see it happening any time soon

To: Wowzer who wrote (185277)	2/20/2009 11:26:09 AM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

Someone at the SEC sure looked the other way...How much were we paying those guys? ...Oh I forgot, they were underfunded...jeez.

To: Wowzer who wrote (185277)	2/20/2009 4:17:24 PM
From: Les H	Read Replies (1) \| Respond to of 306849

Chris Hill, who owns Kofski Antiques Inc. in Palm Beach, Fla., said he recently sold items for a man badly hurt in the Bernard Madoff investment scandal. Hill, who protects his clients' confidentiality, said the well-traveled man had an exceptional collection of Oriental art, besides other eye-catching items that sold for about a third of their previously appraised value. People trying to sell their prized possessions these days are finding that — as with homes or stocks — the market value of everything from baseball cards to antique furniture has sunk. Across the country, collectibles dealers and antiques appraisers are delivering bad news, and feeling pain themselves. The reason is simple: potential buyers are outnumbered by desperate sellers. That's been dashing dreams of an "Antiques Roadshow" moment in which the TV show's hosts appraise family heirlooms many times higher than the owner expected. In suburban Chicago, Ron Anderson put his treasured 1985 Bears' Super Bowl game ball up for sale online through Craigslist. "Instead of sitting around and worrying about things, I thought I'd do something," said Anderson, whose construction contracting business is down. Anderson priced the ball, which was autographed by the late Hall of Fame running back Walter Payton and other stars, at $4,500, figuring he'd draw interest from wealthy Bears fans. He was still waiting for an offer a month later. From an antiques auction house that caters to wealthy residents of Palm Beach, Fla., to an Ohio pawn shop with a blue-collar clientele, similar stories abound. Families trying to unload keepsakes for cash are learning that an economy at risk of falling into a deflationary period is taking a heavy toll on the value of these assets, just as it is for traditional investments such as stocks and homes. contracostatimes.com