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Shilling: House Prices Will Drop 20%

Started by pulaski
almost 16 years ago
Posts: 824
Member since: Mar 2009
Discussion about
"Gary Shilling: Here's Why House Prices Will Now Drop Another 20%" "Last spring, many believed that not only was the housing collapse over but that a robust rebound was underway." "But then a funny—or not so funny—thing happened on the way to housing recovery..." http://www.businessinsider.com/gary-shilling-house-prices Yeah, yeah, Shilling, except for Manhattan because it's different.
Response by w67thstreet
almost 16 years ago
Posts: 9003
Member since: Dec 2008

Only 20%... I must disagree, let's call it a minimum of 20%. mokay?

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Response by sniper
almost 16 years ago
Posts: 1069
Member since: Dec 2008

http://www.reuters.com/article/idUSTRE6944BI20101005

shit like this will stall the inevitable declines.

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Response by dcorreale
almost 16 years ago
Posts: 99
Member since: Feb 2009

Or it has the opposite affect sniper and banks refuse to lend

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Response by sniper
almost 16 years ago
Posts: 1069
Member since: Dec 2008

true. what do you think the affect on prices will be if we see some kind of "moratorium" on foreclosures?
i agree that these banks (scumbags to home buyers on the way in and way out) should be investigated and make sure they have proper paperwork for these foreclosures but is this the right thing or is it just political grandstanding?

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