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peterb
ParticipantThis is why credit contractions are long and drawn out processes. And far worse than an ordinary recession of over production and over capacity. Unemployment will increase and the wealthiest people have the most assets and funds available to stall the process in the hopes of lasting long enough to “ride it out”. But many of these people are in the later years of their lives and will soon be net consumers and not producers. This is a terrible combination.
A market often stalls before it falls. What’s the sales velocity of property over $500K? Is the economic picture getting better or worse? Patience, Grass Hopper.peterb
ParticipantThis is why credit contractions are long and drawn out processes. And far worse than an ordinary recession of over production and over capacity. Unemployment will increase and the wealthiest people have the most assets and funds available to stall the process in the hopes of lasting long enough to “ride it out”. But many of these people are in the later years of their lives and will soon be net consumers and not producers. This is a terrible combination.
A market often stalls before it falls. What’s the sales velocity of property over $500K? Is the economic picture getting better or worse? Patience, Grass Hopper.peterb
ParticipantThis is why credit contractions are long and drawn out processes. And far worse than an ordinary recession of over production and over capacity. Unemployment will increase and the wealthiest people have the most assets and funds available to stall the process in the hopes of lasting long enough to “ride it out”. But many of these people are in the later years of their lives and will soon be net consumers and not producers. This is a terrible combination.
A market often stalls before it falls. What’s the sales velocity of property over $500K? Is the economic picture getting better or worse? Patience, Grass Hopper.peterb
ParticipantIt seems a little early to be talking spring sales volume. But I have noticed the volume in homes under $300K is pretty brisk. But, who would be willingly selling a home in this environment? Seems like most inventory would be due to some kind of pressure to sell at this time…. REO, divorce, death, etc… Otherwise, why sell now?
Maybe it’s time to go out on a new limb?
peterb
ParticipantIt seems a little early to be talking spring sales volume. But I have noticed the volume in homes under $300K is pretty brisk. But, who would be willingly selling a home in this environment? Seems like most inventory would be due to some kind of pressure to sell at this time…. REO, divorce, death, etc… Otherwise, why sell now?
Maybe it’s time to go out on a new limb?
peterb
ParticipantIt seems a little early to be talking spring sales volume. But I have noticed the volume in homes under $300K is pretty brisk. But, who would be willingly selling a home in this environment? Seems like most inventory would be due to some kind of pressure to sell at this time…. REO, divorce, death, etc… Otherwise, why sell now?
Maybe it’s time to go out on a new limb?
peterb
ParticipantIt seems a little early to be talking spring sales volume. But I have noticed the volume in homes under $300K is pretty brisk. But, who would be willingly selling a home in this environment? Seems like most inventory would be due to some kind of pressure to sell at this time…. REO, divorce, death, etc… Otherwise, why sell now?
Maybe it’s time to go out on a new limb?
peterb
ParticipantIt seems a little early to be talking spring sales volume. But I have noticed the volume in homes under $300K is pretty brisk. But, who would be willingly selling a home in this environment? Seems like most inventory would be due to some kind of pressure to sell at this time…. REO, divorce, death, etc… Otherwise, why sell now?
Maybe it’s time to go out on a new limb?
peterb
ParticipantSilver is starting to close the ratio gap. Could be the way to go in heavy bars. Or silver miners in the short run.
peterb
ParticipantSilver is starting to close the ratio gap. Could be the way to go in heavy bars. Or silver miners in the short run.
peterb
ParticipantSilver is starting to close the ratio gap. Could be the way to go in heavy bars. Or silver miners in the short run.
peterb
ParticipantSilver is starting to close the ratio gap. Could be the way to go in heavy bars. Or silver miners in the short run.
peterb
ParticipantSilver is starting to close the ratio gap. Could be the way to go in heavy bars. Or silver miners in the short run.
peterb
ParticipantCant build em for that.
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