Shirley Bradley

Short Plays for More Housing Market Weakness

My comment is: " hang on baby it is going to be a hell of a ride " New construction is almost at a hault in my area of California. New construction is one of the states leading employers. The disfunctioinal raising of prices in this housing bubble, coupled with subprime foreclosures, arm loans with higher payments and UNEMPLOYMENT will cause a foreclosure rate higher than we have ever seen. The price of property will deflate back to early 1990's prices and we will see interest rates below 5% again. I would be very surprised if anything can stop this from happening. The good new is we will have some affordable housing.