Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: DebtBomb who wrote (281304)	10/6/2010 11:24:40 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

I mean the world doesn’t have enough trees to print that much money. ---- LOL Thank goodness for the advent of smart cards. Otherwise, we'd have to send Halliburton down to clearcut the Amazon

To: DebtBomb who wrote (281304)	10/6/2010 12:04:01 PM
From: Jim McMannis	Respond to of 306849

Here's Why House Prices Will Now Drop Another 20% businessinsider.com Image: A Gary Shilling & Co. One of our favorite economists, Gary Shilling of A. Gary Shilling & Co., has given us permission to publish the following excerpt from his latest monthly report. Housing: Great Expectations vs. Reality Last spring, many believed that not only was the housing collapse over but that a robust rebound was underway. Investors were crowding into foreclosed house sales and bidding up prices in California, often the bellwether state for new trends. The tax credit of up to $8,000 for new homebuyers that expired in April spurred buyers and promised to kick-start housing activity nationwide. TheHomeAffordable Modification Program was trumpeted by the Administration to help 3 million to 4 million homeowners with underwater mortgages by paying lenders to reduce monthly payments to manageable size and then paying homeowners to continue to make those payments. But then a funny—or not so funny—thing happened on the way to housing recovery... Read more: businessinsider.com