Moose Shaped Crystal Ball

Countrywide / Bank of America REOs Fall to February 2007 Levels

Wow Mr Perry. You are truly drinking the cool aid. As a real estate agent, i can tell you that ALL circumstantial evidence at this time points to a huge backlog of bank homes that are just waiting to hit the market. The reasons and speculations for why the bank owned inventory has slowed the last several months are varied. But nonetheless, the huge backlog truly appears to be there and ready to hit.

So I do not buy your rosey optimism at all! I have read several of your posts and for the most part, I think you are, respectfully, out to lunch.