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

To: John Vosilla who wrote (28887)	7/14/2011 3:58:03 PM
From: tejek	Read Replies (1) \| Respond to of 119362

Economy stays weak till deleveraging from the housing bubble is complete...Timing that and what the tea baggers are doing is playing with fire... Also banks don't want to do a bunch of lending at these low rates fixed for the long term. Seeing more and more programs with easier terms and fixed for 5-7 years. We could boom well before the phase ends if credit really loosened up.... Right now, its gotten so ugly I don't see much good happening going forward. I was in Vancouver yesterday and my German friends and their Canadian friends have been watching the US like its a train wreck about to happen. They are seriously perplexed by how divided its become down here.