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[nimblebear]

Been out all day. Checking out houses. Several new ones that have been sitting awhile - 100 days. And in good shape. Ones with minor blemishes, or not tip top move in condition, on market much much longer even with price drops. Realtors are hungry. Stuff not moving. I would have thought there would be some "fear" here. Guess not . Y'all got nerves of steel. Xd making some good big picture calls. He got me to short a bit, so thanks. Lots of talk in media today about this mortgage thing being big now. (finally, mainstream starting to get a wiff ?) Interesting. They finally did the math. Take away the low rung move up buyers, and guess what ? The people above them can't buy a new one until existing is sold. This goes all the way up the food chain, unless you are in a transient area with corporate transfers. New Century finally painted a clear picture for them. Mainstream media still doesn't really get it though. The economy has been slowing for months in many sectors. Just think. $2 trillion in arms have yet to reset, too. New Century is just a minor symptom of larger issues. Did these people "get it" when they took these loans out ? Apparently not. They are now feeling pain with higher property taxes and insurance to go along with the higher monthly payments. Did they not do their homework, and plan out a budget or something ? New Website tomorrow. Foreclosures-R-Us.com.

Edited by nimblebear, 13 March 2007 - 07:18 PM.