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Glowboy1963

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Glowboy1963

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Wednesday, 08/13/2008 11:57:10 AM

Wednesday, August 13, 2008 11:57:10 AM

Post# of 23113
Financials will suffer greatly in 2009

Why am I writing this?

Simple.

In 2004 the USA experienced the greatest increase in home sales (especially here in Vegas), and most buyers signed on to a 5 yr ARM.

2004 + 5 = 2009

When these ARMs adjust, I fear the worst for the companies holding the mortgages which many buyers will be forced to foreclose on.

Forgive me for bumming you out, but this is my take on the upcoming year.

2009 will be interesting, very interesting.

John Forbes
Vegas
USA

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