Mr Mortgage – ‘The Quickening’
Get ready for the massive dumping of assets on our market, specifically residential properties. Lehman and Merrill are massively dumping inventory. Banks are in the liquidation mode. When this supply hits, it will drive down prices. Home sales ARE increasing, but so is inventory, and the rate of these increases do not offset each other. Expect more inventory and decreasing demand as loans become nearly impossible to obtain. This will only prolong the housing downturn. The foreclosure market is now the real estate market, and the banks are now the market makers.
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How long do you think it will last?????
“Liars, and the Lying Lies They Are Telling You”
http://yourmortgageoryourlife.wordpress.com/2008/09/23/liars-and-the-lying-lies-they-are-telling-you/
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http://yourmortgageoryourlife.wordpress.com/2008/09/19/privatizing-profits-and-socializing-losses-how-the-rich-are-staying-rich/
“Conspiracies and Headlines – What’s the Difference?”
http://yourmortgageoryourlife.wordpress.com/2008/09/22/conspiracies-and-headlines-whats-the-difference/