The End is Near

[Joe Mammy]

PORT WASHINGTON, N.Y. (MarketWatch) -- And now for some good news: The mother of all housing corrections appears to be nearing an end.

<shelly>Does this mean it's a good time to buy?</shelly>

 

[Kurt]

Thanks for posting. When we start seeing these types of articles appear frequently with some good stats we will be in a better place for sure.

 

[SHELLY]

PORT WASHINGTON, N.Y. (MarketWatch) -- And now for some good news: The mother of all housing corrections appears to be nearing an end.

<shelly>Does this mean it's a good time to buy?</shelly>

...looking into my crystal ball, I don't see the 100s of 500K+ Destin condos flying off the shelf just yet.

.

 

[Mango]

I hate to be Debbie Downer, but don't people need JOBS before they can afford a home?

Do people really grasp that this year will be much worse than last year?
Rising defaults
Rising foreclosures
Rising credit card delinquencies
Millions of homeowners underwater (25%)
Rising unemployment
Rising commercial real estate defaults and foreclosures
Negative household savings
Retirement (401k) wiped out
Most states are bankrupt
Most banks are bankrupt
Wall Street down 43%
World crippled by U.S. housing scam
Dollar sinking
National deficit 11 trillion (record high)
Government printing trillions more with no positive effect

 

[awig]

I hate to be Debbie Downer, but don't people need JOBS before they can afford a home?

Do people really grasp that this year will be much worse than last year?
Rising defaults
Rising foreclosures
Rising credit card delinquencies
Millions of homeowners underwater (25%)
Rising unemployment
Rising commercial real estate defaults and foreclosures
Negative household savings
Retirement (401k) wiped out
Most states are bankrupt
Most banks are bankrupt
Wall Street down 43%
World crippled by U.S. housing scam
Dollar sinking
National deficit 11 trillion (record high)
Government printing trillions more with no positive effect

No they don't need jobs, they just need cash...

 

[SHELLY]

I hate to be Debbie Downer, but don't people need JOBS before they can afford a home?

Hey...someone tagged me as "Debbie Downer" in this old thread from April 2006
So the line forms here <pointing behind me>

http://www.sowal.com/bb/real-estate-discussion/4856-panama-city-beach.html

.

 

[Mango]

Hey...someone tagged me as "Debbie Downer" in this old thread from April 2006
So the line forms here <pointing behind me>

http://www.sowal.com/bb/real-estate-discussion/4856-panama-city-beach.html

.

I certainly would never cut the line on you, Shelly.

 

[Matt J]

I hate to be Debbie Downer, but don't people need JOBS before they can afford a home?

Do people really grasp that this year will be much worse than last year?
Rising defaults
Rising foreclosures
Rising credit card delinquencies
Millions of homeowners underwater (25%)
Rising unemployment
Rising commercial real estate defaults and foreclosures
Negative household savings
Retirement (401k) wiped out
Most states are bankrupt
Most banks are bankrupt
Wall Street down 43%
World crippled by U.S. housing scam
Dollar sinking
National deficit 11 trillion (record high)
Government printing trillions more with no positive effect

No, they can use the cash Irwin is saying they should get.

Obama should encourage spending in speech - MarketWatch

"Federal Victory Card" :funn:

 

[GaDawg]

Hey...someone tagged me as "Debbie Downer" in this old thread from April 2006
So the line forms here <pointing behind me>

http://www.sowal.com/bb/real-estate-discussion/4856-panama-city-beach.html

.

Shelly,

I don't think you should be tagged "Debbie Downer", you just state
the facts.

 

[Bobby J]

Hey...someone tagged me as "Debbie Downer" in this old thread from April 2006
So the line forms here <pointing behind me>

http://www.sowal.com/bb/real-estate-discussion/4856-panama-city-beach.html

.