Unaffordability is in more places than the coasts
#1
Posted 21 December 2006 - 06:46 AM
#2
Posted 21 December 2006 - 10:54 AM
It's the illiquidity, stupid !
#3
Posted 21 December 2006 - 12:19 PM
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter
#4
Posted 21 December 2006 - 12:49 PM
Also, like stocks, you can get prices to fall part of the way to "fair value" and then inflation will correct the rest.
Mark, I am trying to predict the future, not past. Inflation has no place in my book.
Take your pick, the simplistic, disasterous correction or the complex, slow, and less painful correction. Which is more likely?
Every average Joe I talked to expects slow and less painful correction, if at all. So, I guess it is more likely, because markets always behave like what average Joe's expects, right ?
It's the illiquidity, stupid !
#5
Posted 21 December 2006 - 02:03 PM
Mark S Young
Wall Street Sentiment
Get a free trial here:
http://wallstreetsen...t.com/trial.htm
You can now follow me on twitter