5 replies to this topic

[atlasshrugged]

the analyst is right out of school!

[emdee]

Hi ironcross, They know exactly what they are doing. A client wants out at higher prices. M

[atlasshrugged]

Hi ironcross,

They know exactly what they are doing.

A client wants out at higher prices.

M

lol

you are so right

[ogm]

Hmm.... You think its going BK ? I don't think so. They are buying potrfolios of failed subprimers really cheap now. And they will make quite a bit of money too. The Fed's bailout isn't bad for them either. Basicaly .... can it get worse then expectations already are for them ? Thats the big question here.

[mike123]

Hmm....

You think its going BK ? I don't think so.

They are buying potrfolios of failed subprimers really cheap now. And they will make quite a bit of money too. The Fed's bailout isn't bad for them either.

Basicaly .... can it get worse then expectations already are for them ?

Thats the big question here.

They carry 10,000 forclosed homes and probably 20,000 next year. It takes a lot of money to maintain these homes. $200 million for 10,000 homes minimum.

[Cirrus]

This RE market is sooooo much worse than most sellers can even imagine. These people are insane in my area. I see prices being lowered for houses that have been on the market for 6+ months 1% at a time. The houses are priced at mid 06 levels, too. You talk to agents and people selling and only 1 in 20 even have a clue. The consumer is going to be dead in this country for a couple of years. I'm not calling for a recession but I wouldn't be surprised in the least if one arrives early next year.

Edited by Cirrus, 10 August 2007 - 12:50 PM.