Replies to post #132219 on Zeev's Turnips Patch-No Politics (ZEEV)

[Public Heel]

That may be, but where I live (in the mountains), prices are still skyrocketing. Upper-end real estate has probably gone up 100% on the last 3 years. Prices are simply staggering...

[KaliCo]

For 25 years the Denver area has been my economic indicator.

Why? it has always had the thinnest economic safety net due to its geographical location and thinnest industrial diversification mode. It is a classic boom to bust region.

That information does not bode well for the future or claimed economic recovery. It certainly indicates the real estate bubble has reached its nadir.

K

[longdong_63]

Dan, did you see this article? I agree only if HUI loses 125...unlikely IMO.
http://www.321gold.com/editorials/maund/maund071603a.html

[metsin2]

these foreclosures and bankruptcies will start crashing the market in my opinion.and when telemarketers get cut in the fall.and unemployment jumps to about 7.5%.well see how many are still calling for a 2h recovery.and saying unemployment is a lagging indicator.massive record debt.massive.many almost bankrupt.living on the edge.good luck.