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i dont see how the housing market can get better

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Anonymous Coward
User ID: 441711
7/24/2008 7:01 PM
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i dont see how the housing market can get better
Quote

supply and demand, way to much supply , it has nothingto do with forclosers, thats just a symptom of the real problem, to many fucking houses! get the bulldozers out and start smashing all the forclosed homes and sign a presidential order stopping all new home,condo or apartment building until further notice. reduce supply otherwise it will just get worse, then oneday bottom out and stagnate forever. they have to reduce supply.
Anonymous Coward
User ID: 463404
7/24/2008 7:11 PM
Re: i dont see how the housing market can get betterQuote

According to the NAR there is an 11 month supply of houses. You can bet that number is conservative.

That means if you're in trouble with your mortgage, and you need to sell, you're probably toast.
Anonymous Coward
User ID: 472720
7/24/2008 7:14 PM
Re: i dont see how the housing market can get betterQuote

According to the NAR there is an 11 month supply of houses. You can bet that number is conservative.

That means if you're in trouble with your mortgage, and you need to sell, you're probably toast.
 Quoting: Anonymous Coward 463404


HUD has a 10 year supply of houses right now. Banks have at least a year supply that they haven't foreclosed on yet.
Anonymous Coward
User ID: 441711 (OP)
7/25/2008 8:24 AM
Re: i dont see how the housing market can get betterQuote

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