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December 16, 2008 at 7:50 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316481December 16, 2008 at 7:50 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316832
kewp
Participant[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.
easy to get $$ + Overpopulation + extreme greed = high demand for housing
The bubble has not fully deflated.[/quote]
Unemployment is the wild card. Will see how that goes over the next 2-3 years.
December 16, 2008 at 7:50 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316873Participant[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.
easy to get $$ + 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.
December 16, 2008 at 7:50 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316895Participant[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.
easy to get $$ + Overpopulation + extreme greed = high demand for housing
The bubble has not fully deflated.[/quote]
Unemployment is the wild card. Will see how that goes over the next 2-3 years.
December 16, 2008 at 7:50 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316968Participant[quote=paramount]In most markets people are still lining up to buy REO’s – things can’t be that bad.
easy to get $$ + 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.
December 16, 2008 at 7:49 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316476ParticipantXBoxBoy 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.
December 16, 2008 at 7:49 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316827ParticipantXBoxBoy 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.
December 16, 2008 at 7:49 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316868ParticipantXBoxBoy 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.
December 16, 2008 at 7:49 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316890ParticipantXBoxBoy 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.
December 16, 2008 at 7:49 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316963ParticipantXBoxBoy 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.
December 16, 2008 at 6:45 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316431Participant[quote=jpinpb]Aren’t they out of breath yet trying to pump air in this balloon w/a hole in it.[/quote]
Good thing air is free, eh?
December 16, 2008 at 6:45 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316782Participant[quote=jpinpb]Aren’t they out of breath yet trying to pump air in this balloon w/a hole in it.[/quote]
Good thing air is free, eh?
December 16, 2008 at 6:45 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316823Participant[quote=jpinpb]Aren’t they out of breath yet trying to pump air in this balloon w/a hole in it.[/quote]
Good thing air is free, eh?
December 16, 2008 at 6:45 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316844Participant[quote=jpinpb]Aren’t they out of breath yet trying to pump air in this balloon w/a hole in it.[/quote]
Good thing air is free, eh?
December 16, 2008 at 6:45 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #316918Participant[quote=jpinpb]Aren’t they out of breath yet trying to pump air in this balloon w/a hole in it.[/quote]
Good thing air is free, eh?
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