PerryChase – I have been calling for a bottom in 2008-2010 but seeing the chart of ARM resets has caused me to re-think this date range
The chart shows that a huge chunk of ARMS are going to reset in both 2010 and 2011
A possible scenario I am considering – since most market moves end with high volume (greedy fools buying at the top and fearful fools selling at the bottom) it is possible that the 2010-2011 timeframe will be the high-volume end of the real estate decline
Anyone that is forced to sell in 2010/2011 will be selling into a market that has been soft/declining for 5 years already – not a good time to sell but their selling could create a real bottom (as opposed to the bottoms that have been called already and continue to be called)
As the Chinese say: “May you live in interesting times.”
