"The Trucker" <mikcob@[EMAIL PROTECTED]
> wrote in message
news:pan.2008.05.08.17.55.06.876244@[EMAIL PROTECTED]
> On Wed, 07 May 2008 18:09:55 -0700, Doobie Keebler wrote:
>
>> On May 7, 7:08 pm, starc...@[EMAIL PROTECTED]
wrote:
>>
>>> Nope. Nowhere near the bottom.
>>> People waiting for prices to come down ...
>>
>> from Sudden Debt:
>>
>> "Homeowner vacancies are currently at an all-time high of 2.9% and of
>> those vacant homes, a record 2.28 million units are for sale only, up
>> from 1.39 million in 2005 (see chart below). That's another four years
>> worth of supply at the current pace of sales."
>>
>> - more -
>> http://suddendebt.blogspot.com/
>>
>> There's a four-year glut on the market?
>>
>> R/E market bottom in 2012 ?
>>
>> .
>
> Really depends on what actions are taken by government. Pumping the
money
> supply on the bottom (stimulus) while increasing the progressive nature
of
> the income tax could fix the problem pretty quickly.
It occurs to me that when you start talking about longer term "bottoms"
vis
a vis real estate, you have to start looking at demographics as well.
JG
>
> --
> "I know no safe depository of the ultimate powers
> of society but the people themselves; and
> if we think them not enlightened enough to
> exercise their control with a wholesome
> discretion, the remedy is not to take it from
> them, but to inform their discretion by
> education." - Thomas Jefferson
> http://GreaterVoice.org/extend
>
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