Rocktex

Don't Expect a Housing Bottom Until Late 2009

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.

Another Fantasyland Call from the NAR

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!

Fed Will Cut 25bp

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.

Paulson's Plan is Nothing but Lip Service

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...

Paulson's Plan is Nothing but Lip Service

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.

Paulson's Plan is Nothing but Lip Service

Great post!
Who needs a great result? Politicians believe that all we need is "Read my lips," right?