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To: jblair

You’ll know this market has bottomed when you see some “SOLD” signs going up on vacant houses. Until then, this nightmare scenario has a greater chance of coming true than a quick recovery, IMHO.


19 posted on 02/08/2008 10:42:02 PM PST by REDWOOD99
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To: REDWOOD99

Agreed. MPT is no defense for credit default swaps. That’s my nightmare. Other folks will be affected in myriad ways. Sold signs are tangible.


22 posted on 02/08/2008 11:41:42 PM PST by jblair (Air Force Brat)
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To: REDWOOD99
You’ll know this market has bottomed when you see some “SOLD” signs going up on vacant houses.

Huh? A decent percentage of homes on the market in Silicon Valley in the spring of 2005 were vacant. One of many explanations for that is that smart homeowners had done a lot of improvements and had already moved into rentals.

I don't think that's a reliable indicator of a bottom in the housing market.

38 posted on 02/09/2008 6:49:44 AM PST by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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