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What I'm wondering is: How long can they continue to hold onto properties and control the flow? If there's nothing that requires them to put the houses on the market, the banks can keep the market artificially inflated all on their own, right?
To a certain degree. At some point they are going to have to get them off the balance sheets.
By the way the forclosure news is not getting any better. So this post is inaccurate on most levels:
Originally Posted by Boompa I think the Real estate Market is near the bottom. Forclosures are drying up. The real problem will be when the government figures out that they can never pay off those trillions. they will have to grow the money supply until that debt becomes a manageable percentage of the economy. I doesn't matter which party will be in power, it's what governments do.
To a certain degree. At some point they are going to have to get them off the balance sheets.
By the way the forclosure news is not getting any better. So this post is inaccurate on most levels:
Originally Posted by Boompa I think the Real estate Market is near the bottom. Forclosures are drying up. The real problem will be when the government figures out that they can never pay off those trillions. they will have to grow the money supply until that debt becomes a manageable percentage of the economy. I doesn't matter which party will be in power, it's what governments do.
Oh, I know. It's a shame that the housing market is still a three-ring-circus in some parts of the country (such as California). Or if it's not a circus, it's a casino.
Oh, I know. It's a shame that the housing market is still a three-ring-circus in some parts of the country (such as California). Or if it's not a circus, it's a casino.
Im a first time home buyer currently in the market and live in so Florida.
It is a casino inside of a circus. but its all good for me
Im a first time home buyer currently in the market and live in so Florida.
It is a casino inside of a circus. but its all good for me
How are you dealing with the possibility that your home may lose value? I'd love to buy a house but I hate the idea of waking up a year from now and seeing that I could have bought a nicer house if I had waited.
How are you dealing with the possibility that your home may lose value? I'd love to buy a house but I hate the idea of waking up a year from now and seeing that I could have bought a nicer house if I had waited.
Well , you said it, we are renting for the next 6-9 months depending on if we can extend the lease. We are just starting to look. And every week list prices continue to drop. Offers are around 75-80% of list I would estimate. I actually see more short sales then forclosures. Probably a result of the banks holding back on the foreclosures.
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