I have never expressed my political views on this site and will not start now. Anyways Hillary does have alot of money behind her so that is what prompted my earlier comment.
sddreaming my read on the cycle is that I believe it will be a 6 year cycle and we are in year 2. As you have seen there are those that have posted thoughts (sdrealtor and dacounselor) that the banks and lending institutions are mobilizing forces to deal with the wave of possible foreclosures. I for one absolutely agree with these thoughts. There is way way way to much money involved to assume these powers that be will let so many foreclosures occur. Concho is another who has posted his thoughts and while may seem cycnical I rally have a hard time disagreeing with him as well. To much money is at stake.
By the summer of 2008 we should be well past the 1996 figure for total foreclosures. If this is allowed to happen with little to no government interference, and if the banks, lenders, hedge funds stave off a percentage of them, but not a high percentage, then we “should” see another price decline from where we are today. I would guess it will be in single digits.
When you say who will gain from the debacle I assume you mean which presidential candidates? I guess the ones that politicize the debacle the best. Hillary and Obama will most likely be best suited to gain the most out of it.
