Replies to post #35285 on Your Economy (No Politics) (YE1)

[QuickTrade]

Awesome post. Thanks. Thats one sick drop and a lot of people felt it --- are feeling it --- will continue to feel it.

There is only one way to stop the acceleration and thats for sellers to stop lower their prices or take their homes off the market. Neither will happen because people still want out.

The trend now is the thinking that properties are pointless to maintain and throw your money into.

There won't be buyers demand, there won't be less inventory.

There will be more foreclosures, there will be more sellers lowering. Those that bought in early 2000's are now thinking of selling and thats another leg downward.

We may go to $160 on that chart and thats scary as a multiple home owner.

2012 we'll be at levels we are today.