jbde

Five Reasons the Market Could Crash This Fall

The obvious problems with the banks have already happened. Now for the shockers - OREO's [other real estate owned] cannot be held forever as the upkeep [cutting the grass] and taxes [real estate] begin to take their toll. The banks 'hope' prices will recover, but the opposite is happening - prices are still falling and the assets are wasting [no warm bodies and propery climate control can deteriorate a house in a year as vermin and bugs take up residency]. And anyone who believes the commercial RE is not going to be a problem because everyone knows about it, is not living in the real world. Try to rollover a loan with a property needing repairs, half the tennants and the restdemanding lower rents - good luck.

BANKS SHOULD NOT BE PERMITTED TO TRADE - GS will eventually get it's hat handed to it - calls for probes are mounting - the money they 'make' is stealing from society. Hiding behind 'providing liquidty' is total BS and disrupts markets.