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  • Don't Expect a Housing Bottom Until Late 2009 [View article]
    I agree with you.
    People's need is there. But need has to be converted into a demand. The only way is to make housing affordable and reasonable.

    After asking some agents in California who I don't know before to present my all cash offers, it seems to me that they don't know how to help and advise lenders to dispose those huge REO inventory in this downhill. They just sit and wait for housing price to "naturally" fall.

    In this situation with potential buyer's sentiment, I believe we can't see the bottom until 2009 as you said. No need to read all the distort interpretation from those media gurus if you know the basics of economy.
    Dec 31 09:26 am |Rating: 0 0 |Link to Comment
  • Greenspan: Large Losses Loom [View article]
    He (Mr. G) cautions the current credit crisis will not end until huge inventories of new homes are sold, and home-price deflation ceases. ......... Very large losses will, no doubt, be taken as a consequence of the crisis. But after a period of protracted adjustment, the U.S. economy, and the world economy more generally, will be able to get back to business."

    Gee! He is really a genius and finally gives us his real words and the real medicine.
    Dec 13 18:16 pm |Rating: 0 0 |Link to Comment
  • Another Fantasyland Call from the NAR [View article]
    To NARSpin,
    Gee! You are so great to use "boy who cried wolf."
    It is understood that Yun has no choice but "crying." No body will listen to him except a dumb or ET from Mars!
    Dec 11 23:20 pm |Rating: 0 0 |Link to Comment
  • Fed Will Cut 25bp [View article]
    To CrossPoint,
    I am with you to some degree.
    From the basics of Economics, there is no need to cut interest rate as the most of general economic indexs are good.
    The November job report is unexpectedly a upswing. The inflation is steadily up too. If we follow the fundamentals, we should hike the rate as the mechanisim dictates.
    Dec 10 14:02 pm |Rating: 0 0 |Link to Comment
  • Paulson's Plan is Nothing but Lip Service [View article]
    To you, law student:
    Theory is theory, Practice is a reality. Here is my answer for your reference:
    Foreclosure Outcome in TD States (Not for Mortgage State) activerain.com/blogsvi...
    Dec 06 12:43 pm |Rating: 0 0 |Link to Comment
  • Paulson's Plan is Nothing but Lip Service [View article]
    To jemery,
    Here is an article of mine for your reference:
    A Funny World (5): Your Meat is Their Poison (edit/delete)
    Why have Banks decided to stop responding to offers in regards to a "Short Sale" ?! activerain.com/blogsvi...
    It is a jungle out there. Good luck to you and those families you are trying to help.
    Dec 04 17:16 pm |Rating: 0 0 |Link to Comment
  • Paulson's Plan is Nothing but Lip Service [View article]
    Great post!
    Who needs a great result? Politicians believe that all we need is "Read my lips," right?
    Dec 04 14:44 pm |Rating: 0 0 |Link to Comment
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