Repo pricing, banks going for the throat

[NotCranky]

HWG It could be the crowd I run with but those of us who have equity are not likely to panic sell. Maybe a younger crowd with equity?People who are still using equity to make their payments? I know people with equity from 1M+ on down to red ink and many of them will not do anything or will leverage what equity they have to buy distressed properties or bargain properties in general. Some are already doing that last part.

Many of the regulars on this blog are currently owners. From the personal stories they have shared it doesn’t seem like they are going to sell because of depreciation.

[paramount]

Yes, thanks TG for the research.

I was checking 4S today and the prices there seem to be holding steady.

[paramount]

Yes, thanks TG for the research.

I was checking 4S today and the prices there seem to be holding steady.

[paramount]

Yes, thanks TG for the research.

I was checking 4S today and the prices there seem to be holding steady.

[paramount]

Yes, thanks TG for the research.

I was checking 4S today and the prices there seem to be holding steady.

[paramount]

Yes, thanks TG for the research.

I was checking 4S today and the prices there seem to be holding steady.

[paramount]

Rustico: I think for the majority of owners you are correct, they will not sell unless they absolutely have to.

I am firmly in that category at the moment and I would say so are 80% or more of all owners.

You only loose $$ if you sell – there will be recovery, if for no other reason that our population is still growing.

[paramount]

Rustico: I think for the majority of owners you are correct, they will not sell unless they absolutely have to.

I am firmly in that category at the moment and I would say so are 80% or more of all owners.

You only loose $$ if you sell – there will be recovery, if for no other reason that our population is still growing.

[paramount]

Rustico: I think for the majority of owners you are correct, they will not sell unless they absolutely have to.

I am firmly in that category at the moment and I would say so are 80% or more of all owners.

You only loose $$ if you sell – there will be recovery, if for no other reason that our population is still growing.

[paramount]

Rustico: I think for the majority of owners you are correct, they will not sell unless they absolutely have to.

I am firmly in that category at the moment and I would say so are 80% or more of all owners.

You only loose $$ if you sell – there will be recovery, if for no other reason that our population is still growing.

[paramount]

Rustico: I think for the majority of owners you are correct, they will not sell unless they absolutely have to.

I am firmly in that category at the moment and I would say so are 80% or more of all owners.

You only loose $$ if you sell – there will be recovery, if for no other reason that our population is still growing.

[HereWeGo]

We’ll see. I suspect the temptation to “trade down” will increase dramatically in 2008.

[HereWeGo]

We’ll see. I suspect the temptation to “trade down” will increase dramatically in 2008.

[HereWeGo]

We’ll see. I suspect the temptation to “trade down” will increase dramatically in 2008.

[HereWeGo]

We’ll see. I suspect the temptation to “trade down” will increase dramatically in 2008.

[Author]

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