Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now.

[paramount]

In most markets people are still lining up to buy REO’s – things can’t be that bad.

easy to get $$ + Overpopulation + extreme greed = high demand for housing

The bubble has not fully deflated.

[kewp]

XBoxBoy is correct.

What alternative does the world have? Go back to the gold standard?

The U.S. has more gold reserves than any other country! We would just become the reserve all over again.

I suppose they could switch to a new reserve currency; but why would they do that and devalue all the dollars they already have?

The more sinister problem is that even though we may have the printing press, it may turn out that the money it creates goes right into foreign hands. Whom then use it to buy up our assets/labor at their discretion.

[kewp]

XBoxBoy is correct.

What alternative does the world have? Go back to the gold standard?

The U.S. has more gold reserves than any other country! We would just become the reserve all over again.

I suppose they could switch to a new reserve currency; but why would they do that and devalue all the dollars they already have?

The more sinister problem is that even though we may have the printing press, it may turn out that the money it creates goes right into foreign hands. Whom then use it to buy up our assets/labor at their discretion.

[kewp]

XBoxBoy is correct.

What alternative does the world have? Go back to the gold standard?

The U.S. has more gold reserves than any other country! We would just become the reserve all over again.

I suppose they could switch to a new reserve currency; but why would they do that and devalue all the dollars they already have?

The more sinister problem is that even though we may have the printing press, it may turn out that the money it creates goes right into foreign hands. Whom then use it to buy up our assets/labor at their discretion.

[kewp]

XBoxBoy is correct.

What alternative does the world have? Go back to the gold standard?

The U.S. has more gold reserves than any other country! We would just become the reserve all over again.

I suppose they could switch to a new reserve currency; but why would they do that and devalue all the dollars they already have?

The more sinister problem is that even though we may have the printing press, it may turn out that the money it creates goes right into foreign hands. Whom then use it to buy up our assets/labor at their discretion.

[kewp]

XBoxBoy is correct.

What alternative does the world have? Go back to the gold standard?

The U.S. has more gold reserves than any other country! We would just become the reserve all over again.

I suppose they could switch to a new reserve currency; but why would they do that and devalue all the dollars they already have?

The more sinister problem is that even though we may have the printing press, it may turn out that the money it creates goes right into foreign hands. Whom then use it to buy up our assets/labor at their discretion.

[kewp]

[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.

easy to get $$ + Overpopulation + extreme greed = high demand for housing

The bubble has not fully deflated.[/quote]

Unemployment is the wild card. Will see how that goes over the next 2-3 years.

[kewp]

[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.

easy to get $$ + Overpopulation + extreme greed = high demand for housing

The bubble has not fully deflated.[/quote]

Unemployment is the wild card. Will see how that goes over the next 2-3 years.

[kewp]

[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.

easy to get $$ + Overpopulation + extreme greed = high demand for housing

The bubble has not fully deflated.[/quote]

Unemployment is the wild card. Will see how that goes over the next 2-3 years.

[kewp]

[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.

easy to get $$ + Overpopulation + extreme greed = high demand for housing

The bubble has not fully deflated.[/quote]

Unemployment is the wild card. Will see how that goes over the next 2-3 years.

[kewp]

[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.

easy to get $$ + Overpopulation + extreme greed = high demand for housing

The bubble has not fully deflated.[/quote]

Unemployment is the wild card. Will see how that goes over the next 2-3 years.

[peterb]

All the heat in the low end RE market will be the next wave of defaults after 2009, as the places that are rentals will no longer cash flow and the one that are owner occupied will be suffering from the unemployed leaving the state. Unemployment is far worse than most people calculate. Just wait until you feel you are in jeopardy and see how you feel about long term commitments on a depreciating assett.

[peterb]

All the heat in the low end RE market will be the next wave of defaults after 2009, as the places that are rentals will no longer cash flow and the one that are owner occupied will be suffering from the unemployed leaving the state. Unemployment is far worse than most people calculate. Just wait until you feel you are in jeopardy and see how you feel about long term commitments on a depreciating assett.

[peterb]

All the heat in the low end RE market will be the next wave of defaults after 2009, as the places that are rentals will no longer cash flow and the one that are owner occupied will be suffering from the unemployed leaving the state. Unemployment is far worse than most people calculate. Just wait until you feel you are in jeopardy and see how you feel about long term commitments on a depreciating assett.

[peterb]

All the heat in the low end RE market will be the next wave of defaults after 2009, as the places that are rentals will no longer cash flow and the one that are owner occupied will be suffering from the unemployed leaving the state. Unemployment is far worse than most people calculate. Just wait until you feel you are in jeopardy and see how you feel about long term commitments on a depreciating assett.

[Author]

Posts