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OMG – doofrat – did you read the Reuters story http://users.ixpres.com/~gtriphan/
Read some of the stuff Zandi is saying. It’s like he just read your post and modified and changed some of the quotes. Kinda scary.
“He expects home sales to hit bottom this spring, housing starts to reach a nadir this summer, and house prices to trough in the spring of 2009”
So we just need to ride it out for a year and everything will be honky dory. We are we on that chart?
I like this: “For each foreclosure on a street block, it reduces the value of all homes on that block by almost 1.5 percent, he said.”
How low can it go? Limbo time.
