John Doyle's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/12036/comments http://seekingalpha.com/article/16936/comments?source=feed#comment-64119 64119
Granted, we may be in for a correction of 10-15% in housing and real estate prices over the next year or so, but there is too much capital waiting on the sidelines for housing prices to fall much further than that. Just look at the history of real estate: When housing prices fall, a lot of buyers come out of the woodwork to buy up the properties with depressed prices."

My best guess is prices will fall 25-30% at least.

Do you realise how many home owners will then be under water?

Have you considered the "ARMS" resets that are to come in the next 2 years?

This current real estate boom is global, and is the biggest boom the world has ever seen (refer "the economist" publication)

I shudder to think what could happen to institutions that hold the mortgage paper.

Oh well, we'll see.........I'll just keep liquid until we get near the bottom in 3 to 4 years time.

I'll e-mail you again then and compare notes.

Kind regards]]> Fri, 15 Sep 2006 22:22:13 -0400
Granted, we may be in for a correction of 10-15% in housing and real estate prices over the next year or so, but there is too much capital waiting on the sidelines for housing prices to fall much further than that. Just look at the history of real estate: When housing prices fall, a lot of buyers come out of the woodwork to buy up the properties with depressed prices."

My best guess is prices will fall 25-30% at least.

Do you realise how many home owners will then be under water?

Have you considered the "ARMS" resets that are to come in the next 2 years?

This current real estate boom is global, and is the biggest boom the world has ever seen (refer "the economist" publication)

I shudder to think what could happen to institutions that hold the mortgage paper.

Oh well, we'll see.........I'll just keep liquid until we get near the bottom in 3 to 4 years time.

I'll e-mail you again then and compare notes.

Kind regards]]>