IMO we are in stage 3 of a 5-stage descent. Stage 4 will begin when more companies announce downsizing leading to layoffs and more foreclosures. Stage 5 (the bottom) is a global divot but China’s lookin’ good.
I think there will be an over-correction/reaction.
When banks are basically lending no money, they will have over-reacted.
ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?
