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Quote by: rmnunez Banks are bargaining on the climbing real estate prices guaranteeing the property will gain value quickly and you (or they if they foreclose) can sell it and cover the financing. If instead we 'burst' the balloon and foreclose on millions, tighten the credit supply and shut down the market, buyers will disappear, they won't be able to get easy financing so there will be fewer of them out there willing to speculate and the sellers will have to lower their prices or wait a lot longer. |
Y'think, rm??? You figure that out on your own or from my links. Another term for that is called,
"The collapse of the Housing Market".
Too soon to look for housing market bottom -- June 2007
US Housing Crash Continues -- Jan. 2008
"The Biggest Slump in US Housing in the Last 40 Years"…or 53 Years? Quote:
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Quote by: Milton Bradley Wow, your right RM, we should just sanction this greed, and bad business practices by overlooking the fundamental causes. Pure genious. |
Indeed... the market left to it's own greedy, short-sighted devices is a wonder to behold. Of course, you can always blame the greedy, shortsighted consumers.
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