← Autodidact Archive · Original Dissent · JoseyWales
Thread ID: 19437 | Posts: 2 | Started: 2005-08-05
2005-08-05 14:29 | User Profile
Folks, my charts are telling me that there is now a correction underway in the housing mkt - homebuilder companies etc. This combined with insiders selling, mortage rates as well as foreclosure rates rising, this could be the beginning of the "pop" in the housing market...maybe. We could just have a correction and then resume upwards. I have no idea how strong this correction is at this time.
fyi
2005-08-05 17:23 | User Profile
The variable that is never taken into account is the millions of illegal invaders artificially jacking up real estate because of their demand. The forclosure rate may not be as bad as one would expect with heavily leveraged real estate because the appreciation on the real estate has been so great recently, banks can just work out a deal in which they add the missed payments to the principle of the loan for people who are having trouble paying the bills.