Quote:
Originally Posted by SCORE-Cash
Hope this guy is calling it wrong, just like his buddies called it wrong when they rode the bubble up.
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I don't see them being wrong with this call. One of the main reasons there was a bubble in R.E. was due to houses being built and sold, mortgages being approved, too people who had no business owning a home in the first place. With all these owners and buyers knocked out of the market for the foreseeable future prices have no where to go but down; certain markets excluded. Or in short; too much supply and not enough demand.