Real Estate Bubble

[roguedolphin]

Real estate and the economic collapse....what inning of the ball game are we in??
http://siliconinvestor.advfn.com/readmsg.aspx?msgid=26951312


To: Little Joe who wrote (88099) 11/10/2010 8:54:45 AM
From: isopatch of 88100

Another cloud hanging over the markets gets even darker. If the wealth effect from rising home prices helped boost stocks during the long secular bull market? This 2nd smash in prices should be called the "poverty effect":

http://www.businessinsider.com/zillow-market-report-unprecedented-decline-2010-11#minneapolis-minn-has-dropped-78-yoy-1

THANK GOD we were able to sell both our Ohio home and my late fathers condo into the end of the tax incentive generated price bounce, late last Spring.

Talk about "take the money and run"?! Jeez...

Amazed the banks approved the buyers financing. Both transactions closed with nearly 100% debt and huge monthly carrying costs. Probably in negative equity already!

Tic toc...

Iso