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Prices are off 8% from last year locally and still falling


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#1 Chilidawgz

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Posted 09 January 2007 - 04:58 AM


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
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When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#2 OEXCHAOS

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Posted 09 January 2007 - 10:28 AM

Ah, yes. RTC put the final spike in the eye of the S&L industry. How to make a bad situation worse. BTW, very different context than what we have now. Both worse and better. Mark

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#3 Rogerdodger

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Posted 09 January 2007 - 11:39 AM

I've been watching the Sheriff's auction here in Tulsa.
27 pages currently.
4 homes are within 3 blocks of my father-in-laws house!
Sheriff's Auction list

Yet our unemployment is very low with even more jobs coming for American Airlines and Whirlpool.

#4 greenie

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Posted 09 January 2007 - 11:55 AM

I've been watching the Sheriff's auction here in Tulsa.
27 pages currently.
4 homes are within 3 blocks of my father-in-laws house!
Sheriff's Auction list

Yet our unemployment is very low with even more jobs coming for American Airlines and Whirlpool.



It is called saturation. Even if economy is doing well, people are saturated with debt and can't take any more.

Now, the reversal of course will take the economy down. Debt deflation will lead economy in this cycle, because housing inflation led on the upside.
It is not the doing that is difficult, but the knowing


It's the illiquidity, stupid !

#5 TrillionDollarMan

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Posted 10 January 2007 - 12:13 AM

gud post! TDM