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 : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (71153)	2/21/2011 3:54:29 AM
From: Maurice Winn	1 Recommendation Read Replies (2) \| Respond to of 218673

Seems odd: <still have many, many clients who have been expecting foreclosures for many, many months with nothing happening. > Presumably those tenants are no longer paying anything to the banks and are living rent free in the bank's property. Surely it's better for the banks to foreclose quickly and get the property sold or rented to get some money back into action. <the banks just cannot afford to foreclose. They, too, are hoping for the housing market to improve. I just don't see that happening soon. > Hoping for change to higher prices seems like wishful thinking when the backlogs for bankruptcy are enormous. I would like to buy some houses in the USA. Perhaps it's time to see how much they are and whether I'd be allowed to live in them or not. I guess not or the prices wouldn't be as low as they are going. Why doesn't the USA let foreigners buy houses and move in with no entitlement to anything and full obligation to pay their own way for everything? If they commit offences, confiscate their property [proportionately] and boot them out of the country. That would provide a lot of cash flow which is apparently in short supply. Mqurice