hows that different from getting 'data' from extremely perma bearish people like roubini(who predicted a dollar crash in 06)? If your getting 'facts' from them you might as well ask for advice to this guy: http://en.wikipedia.org/wiki/Yogi_bear
LOL, because NAHB were always the PERMABULLS on housing, silly! That's what's SICK about it. Don't worry, what they lose on each house they will try to make up in volume. You watch.
the last paragraph is a killer.....please dont sell this is a Florida story............ Because of a rising number of mortgage delinquencies more homes are being dumped onto an already glutted market. RealtyTrac reported that foreclosures surged by 47 percent in March compared to a year ago. Meanwhile, the glut of unsold homes depressed prices further with the median dropping for a record eighth straight month nationally to $217,000 in March, down 0.3 percent. Home inventories also are the biggest bugaboo hanging over Southwest Florida, too, but there are signs of a plateau. For example, there were 8,376 single-family homes listed for sale in Sarasota as of April 15, according to a database maintained by Team DuToit at Keller-Williams Realty. That was a slight drop from the 8,411 homes listed for sale a month earlier. The result is that Sarasota's Multiple Listing Service has been left with a 110-week supply of homes at the current sales rate compared with a 131-week supply a month ago. That is still historically high -- the kind of figure that makes for odd requests: "I'd like to make an appeal to everybody who does not need to sell to take your home off the market," said Marianne Zoll of the Re/Max 5 Star/Zoll Real Estate & Auction Team. here's the link to the whole story http://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20070425/BUSINESS/704250309
1. I never quoted Roubini or used his numbers, so have no idea what you are talking about 2. Why did you post wikipedia links to the UK and Australia? What does this have to do with anything? Are you autistic or something?
Ever notice how many people are at these foreclosure sales buying like crazy???? These are LOCAL buyers, with knowledge of the LOCAL market. I guess they haven't read some of the postings on Elite Trader or they would know the world is coming to an end in real estate.... People will be living in their cars or under the bridge, LOL..... SteveD
since the world is ending, you want to short planet Earth and go long Mars and Jupiter and a couple of it's moons..... and use a home equity loan to finance the hedge trade .....easy.....no paperwork