Merrill Lynch joins Piggingtonians – Housing to free fall in 208, no uptick till 2011

[hugo]

http://money.cnn.com/2008/01/23/real_estate/merrill_forecast/index.htm?postversion=2008012313

“NEW YORK (CNNMoney.com) — The worst housing financial crisis in decades is only going to get worse, a Merrill Lynch report said Wednesday.

The investment bank forecasted a 15 percent drop in housing prices in 2008 and a further 10 percent drop in 2009, with even more depreciation likely in 2010.”

Of course, NAR spokesman Lawrence Yun strongly disagrees.

[hugo]

Oops. Can someone change 208 to 2008 in the topic name?

[nostradamus]

Nobody minds a typo here or there, we get the picture!

Thanks for the link, it’s a nice article.

[nostradamus]

Nobody minds a typo here or there, we get the picture!

Thanks for the link, it’s a nice article.

[nostradamus]

Nobody minds a typo here or there, we get the picture!

Thanks for the link, it’s a nice article.

[nostradamus]

Nobody minds a typo here or there, we get the picture!

Thanks for the link, it’s a nice article.

[nostradamus]

Nobody minds a typo here or there, we get the picture!

Thanks for the link, it’s a nice article.

[hugo]

Oops. Can someone change 208 to 2008 in the topic name?

[hugo]

Oops. Can someone change 208 to 2008 in the topic name?

[hugo]

Oops. Can someone change 208 to 2008 in the topic name?

[hugo]

Oops. Can someone change 208 to 2008 in the topic name?

[Ex-SD]

And……………Lawrence Yun would be WRONG!

Can Yun actually be so stupid that he really believes that this kind of cheer-leading doesn’t make him look like a fool……..or can he? 🙂

[kev374]

Everyone knows that Lawrence Yun is just a parrot for the NAR. Nobody actually takes what he says seriously of course.

Thanks for the news link.

[kev374]

Everyone knows that Lawrence Yun is just a parrot for the NAR. Nobody actually takes what he says seriously of course.

Thanks for the news link.

[kev374]

Everyone knows that Lawrence Yun is just a parrot for the NAR. Nobody actually takes what he says seriously of course.

Thanks for the news link.

[kev374]

Everyone knows that Lawrence Yun is just a parrot for the NAR. Nobody actually takes what he says seriously of course.

Thanks for the news link.

[kev374]

Everyone knows that Lawrence Yun is just a parrot for the NAR. Nobody actually takes what he says seriously of course.

Thanks for the news link.

[Noob]

These Real Estate Hacks and Shrills remind me of Baghdad Bob, the Iraqi propaganda minister during the 2003 invasion. US tanks were practically in the background of his TV shots while he was denying the US was anywhere near Baghdad ….

Good Hunting,

Noob–but learning

[Ex-SD]

Baghdad Bob!…………………LOL

Great analogy.

[sd_bear]

Finally a MSM article that says this wont recover until post 2010. My fiancee asks everyday why I’m the only person that ever says housing will plummet for years. Take that skeptics!

[Bugs]

We should send Merrill-Lynch a “Howdy, Neighbor!!” card to celebrate their arrival to our side of the fence.

[Bugs]

We should send Merrill-Lynch a “Howdy, Neighbor!!” card to celebrate their arrival to our side of the fence.

[Bugs]

We should send Merrill-Lynch a “Howdy, Neighbor!!” card to celebrate their arrival to our side of the fence.

[Bugs]

We should send Merrill-Lynch a “Howdy, Neighbor!!” card to celebrate their arrival to our side of the fence.

[Bugs]

We should send Merrill-Lynch a “Howdy, Neighbor!!” card to celebrate their arrival to our side of the fence.

[sd_bear]

Finally a MSM article that says this wont recover until post 2010. My fiancee asks everyday why I’m the only person that ever says housing will plummet for years. Take that skeptics!

[sd_bear]

Finally a MSM article that says this wont recover until post 2010. My fiancee asks everyday why I’m the only person that ever says housing will plummet for years. Take that skeptics!

[sd_bear]

Finally a MSM article that says this wont recover until post 2010. My fiancee asks everyday why I’m the only person that ever says housing will plummet for years. Take that skeptics!

[sd_bear]

Finally a MSM article that says this wont recover until post 2010. My fiancee asks everyday why I’m the only person that ever says housing will plummet for years. Take that skeptics!

[Ex-SD]

Baghdad Bob!…………………LOL

Great analogy.

[Ex-SD]

Baghdad Bob!…………………LOL

Great analogy.

[Ex-SD]

Baghdad Bob!…………………LOL

Great analogy.

[Ex-SD]

Baghdad Bob!…………………LOL

Great analogy.

[Noob]

These Real Estate Hacks and Shrills remind me of Baghdad Bob, the Iraqi propaganda minister during the 2003 invasion. US tanks were practically in the background of his TV shots while he was denying the US was anywhere near Baghdad ….

Good Hunting,

Noob–but learning

[Noob]

These Real Estate Hacks and Shrills remind me of Baghdad Bob, the Iraqi propaganda minister during the 2003 invasion. US tanks were practically in the background of his TV shots while he was denying the US was anywhere near Baghdad ….

Good Hunting,

Noob–but learning

[Noob]

These Real Estate Hacks and Shrills remind me of Baghdad Bob, the Iraqi propaganda minister during the 2003 invasion. US tanks were practically in the background of his TV shots while he was denying the US was anywhere near Baghdad ….

Good Hunting,

Noob–but learning

[Noob]

These Real Estate Hacks and Shrills remind me of Baghdad Bob, the Iraqi propaganda minister during the 2003 invasion. US tanks were practically in the background of his TV shots while he was denying the US was anywhere near Baghdad ….

Good Hunting,

Noob–but learning

[Ex-SD]

And……………Lawrence Yun would be WRONG!

Can Yun actually be so stupid that he really believes that this kind of cheer-leading doesn’t make him look like a fool……..or can he? 🙂

[Ex-SD]

And……………Lawrence Yun would be WRONG!

Can Yun actually be so stupid that he really believes that this kind of cheer-leading doesn’t make him look like a fool……..or can he? 🙂

[Ex-SD]

And……………Lawrence Yun would be WRONG!

Can Yun actually be so stupid that he really believes that this kind of cheer-leading doesn’t make him look like a fool……..or can he? 🙂

[Ex-SD]

And……………Lawrence Yun would be WRONG!

Can Yun actually be so stupid that he really believes that this kind of cheer-leading doesn’t make him look like a fool……..or can he? 🙂

[sdduuuude]

Darn – you toook my thread. I was going to title it

“Powayseller now working for Merrill Lynch”

[kewp]

God its never felt so good to be a renter!

[GunDoctor]

ummm, How many billions of dollars has Merril Lynch lost?

for them to come out now and predict what will happen is tragic. its really to late, the damage is done and for the information to be usefull it would help to publish it BEFORE the crash…not during the event. If my house was on fire, chances are a predition or further burning would be an accurate statement…just not very usefull.
I wonder if Rich, our host of this site has been contacted by ML with a job offer. It seems to me that the site could replace the entire Real Estate analyst team at Merrill, with superior results. I would trust this sites forecast to those of anyone on wall street.
why?
Well, because the forecast thus far have been right on the money.
You guys are awsome and continue to save me big dollars with your common since approach to real estate.
thanks.
Learning financial stuff is hard, losing a bunch of money is painful.
I’ll take difficult over painfull any day.

The one thing that I am wondering right now is the speed at which prices are dropping.
From the general consensus on the treads most piggs were expecting a slow glid down into oblivion, and them flat for many years.
with December losing 5% in one month, dose this change the model? This might be a race to the bottom faster than expected.
thoughts?
gun

[GunDoctor]

ummm, How many billions of dollars has Merril Lynch lost?

for them to come out now and predict what will happen is tragic. its really to late, the damage is done and for the information to be usefull it would help to publish it BEFORE the crash…not during the event. If my house was on fire, chances are a predition or further burning would be an accurate statement…just not very usefull.
I wonder if Rich, our host of this site has been contacted by ML with a job offer. It seems to me that the site could replace the entire Real Estate analyst team at Merrill, with superior results. I would trust this sites forecast to those of anyone on wall street.
why?
Well, because the forecast thus far have been right on the money.
You guys are awsome and continue to save me big dollars with your common since approach to real estate.
thanks.
Learning financial stuff is hard, losing a bunch of money is painful.
I’ll take difficult over painfull any day.

The one thing that I am wondering right now is the speed at which prices are dropping.
From the general consensus on the treads most piggs were expecting a slow glid down into oblivion, and them flat for many years.
with December losing 5% in one month, dose this change the model? This might be a race to the bottom faster than expected.
thoughts?
gun

[GunDoctor]

ummm, How many billions of dollars has Merril Lynch lost?

for them to come out now and predict what will happen is tragic. its really to late, the damage is done and for the information to be usefull it would help to publish it BEFORE the crash…not during the event. If my house was on fire, chances are a predition or further burning would be an accurate statement…just not very usefull.
I wonder if Rich, our host of this site has been contacted by ML with a job offer. It seems to me that the site could replace the entire Real Estate analyst team at Merrill, with superior results. I would trust this sites forecast to those of anyone on wall street.
why?
Well, because the forecast thus far have been right on the money.
You guys are awsome and continue to save me big dollars with your common since approach to real estate.
thanks.
Learning financial stuff is hard, losing a bunch of money is painful.
I’ll take difficult over painfull any day.

The one thing that I am wondering right now is the speed at which prices are dropping.
From the general consensus on the treads most piggs were expecting a slow glid down into oblivion, and them flat for many years.
with December losing 5% in one month, dose this change the model? This might be a race to the bottom faster than expected.
thoughts?
gun

[GunDoctor]

ummm, How many billions of dollars has Merril Lynch lost?

for them to come out now and predict what will happen is tragic. its really to late, the damage is done and for the information to be usefull it would help to publish it BEFORE the crash…not during the event. If my house was on fire, chances are a predition or further burning would be an accurate statement…just not very usefull.
I wonder if Rich, our host of this site has been contacted by ML with a job offer. It seems to me that the site could replace the entire Real Estate analyst team at Merrill, with superior results. I would trust this sites forecast to those of anyone on wall street.
why?
Well, because the forecast thus far have been right on the money.
You guys are awsome and continue to save me big dollars with your common since approach to real estate.
thanks.
Learning financial stuff is hard, losing a bunch of money is painful.
I’ll take difficult over painfull any day.

The one thing that I am wondering right now is the speed at which prices are dropping.
From the general consensus on the treads most piggs were expecting a slow glid down into oblivion, and them flat for many years.
with December losing 5% in one month, dose this change the model? This might be a race to the bottom faster than expected.
thoughts?
gun

[GunDoctor]

ummm, How many billions of dollars has Merril Lynch lost?

for them to come out now and predict what will happen is tragic. its really to late, the damage is done and for the information to be usefull it would help to publish it BEFORE the crash…not during the event. If my house was on fire, chances are a predition or further burning would be an accurate statement…just not very usefull.
I wonder if Rich, our host of this site has been contacted by ML with a job offer. It seems to me that the site could replace the entire Real Estate analyst team at Merrill, with superior results. I would trust this sites forecast to those of anyone on wall street.
why?
Well, because the forecast thus far have been right on the money.
You guys are awsome and continue to save me big dollars with your common since approach to real estate.
thanks.
Learning financial stuff is hard, losing a bunch of money is painful.
I’ll take difficult over painfull any day.

The one thing that I am wondering right now is the speed at which prices are dropping.
From the general consensus on the treads most piggs were expecting a slow glid down into oblivion, and them flat for many years.
with December losing 5% in one month, dose this change the model? This might be a race to the bottom faster than expected.
thoughts?
gun

[kewp]

God its never felt so good to be a renter!

[kewp]

God its never felt so good to be a renter!

[kewp]

God its never felt so good to be a renter!

[kewp]

God its never felt so good to be a renter!

[sdduuuude]

Darn – you toook my thread. I was going to title it

“Powayseller now working for Merrill Lynch”

[sdduuuude]

Darn – you toook my thread. I was going to title it

“Powayseller now working for Merrill Lynch”

[sdduuuude]

Darn – you toook my thread. I was going to title it

“Powayseller now working for Merrill Lynch”

[sdduuuude]

Darn – you toook my thread. I was going to title it

“Powayseller now working for Merrill Lynch”

[Arraya]

I think if ML is predicting 2011, I have to change mine to 2013….

[Arraya]

I think if ML is predicting 2011, I have to change mine to 2013….

[Arraya]

I think if ML is predicting 2011, I have to change mine to 2013….

[Arraya]

I think if ML is predicting 2011, I have to change mine to 2013….

[Arraya]

I think if ML is predicting 2011, I have to change mine to 2013….

[Author]

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