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Re: GLENO34 post# 23109

Tuesday, 08/21/2007 6:44:05 AM

Tuesday, August 21, 2007 6:44:05 AM

re Real Estate

The real estate markets froze last week, with all the hype about Countrywide. I am expecting a rate cut today, to get things moving again. I have never seen so much fear. Sellers are at a bottom in prices, in most cases, with short sales and foreclosures beginning to really kick in. Basically investors will be contacting the lenders here offering .70 on the dollar to buy properties. I am meeting with Countrywide today to come up with some new marketing stategies today to capatilize on the ever changing times, at least it is a free lunch... LOL . Most realtors are giving up and getting "real" jobs..LOL So I think the banking industry is looking to Ben to change the sentiment here, which is the Fed's job. I would prefer for them to let this play out, but not sure this is going to happen... Watch out for the analytical get together, they always do something after that usually. They basically sit around and see who has the most facial hair and listen to them........

Buy 'em when they are crying, sell them when they are yellin'
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