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


To: John Vosilla who wrote (237696)2/5/2010 12:35:26 PM
From: Jim McMannisRead Replies (2) | Respond to of 306849
 
The FHA is doing most of the lending. Banks aren't stupid enough to do it unless they are backstopped by the taxpayer. It only "appears" to be like 10 years ago.
Unless they continue to do this RE will crash, it's still way overpriced. How long can they do it?

Most all the volume here is foreclosures or short sales.



To: John Vosilla who wrote (237696)2/5/2010 12:42:06 PM
From: grusumRead Replies (1) | Respond to of 306849
 
i wish the FHA wasn't dominant. i want it to be dismantled.

regarding home prices. i don't know where they are at present so they might be reasonable. for me, in order for a house to be reasonable it has to cash flow. but i think home prices will continue to fall to unreasonable levels. the pendulum always swings too far in one direction and needs to correct back until it comes to rest.