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Sunday, December 23, 2007

Mortgage Meltdown 2007

Pain Street USA: '08 housing outlook

The forecast is for a longer, deeper home-price slump than previously expected, with double-digit declines in many markets.

GO HERE for the entire Story.

5 comments:

Anonymous said...

BUSH SUCKS... another bush bailout in the works with the BANKS! Where is CHINA! HERE THEY COME TO SAVE THE DAY!

Anonymous said...

Can we meet and have sex like we did at the beach that one night years ago?

Anonymous said...

Joe you are correct it is going to get a lot worse before it gets better.

We went Christmas shopping night before last in the Rehobeth outlets and they were dead!

In fact they were having there after Christmas sales before Christmas.

I spoke with several managers of the different stores and they said there numbers are way off.

Even at the Coach store, they were having a 20% of sale plus an additional 10 percent on top of that.

My neighbor was recently forclosed on and moved out last week, the week before Christmas. It is very sad, and we are going to see family's living together again and helping one another out.

In a way that is a good thing because it teaches our children invaluable lessons, but it will really be a hard time.

I'm voting for Ron Paul, I believe he is at least radical enough not to spoon feed us the same old BS we've been fed for the last 4 decades.

Anonymous said...

Isn't it wonderful how putting democrats in charge last November has done wonders for our economy and our pocketbooks.The housing slow down started last November and year later gas is seventy cent a gallon higher and top it all on January 3, 2008 the great democrat O'Malley is going to put the final nail in Maryland's economy.

Tim Chaney said...

I was returning from a family gathering in Virginia yesterday, when I went past the Fruitland Walmart at about 8:45 PM the place was almost a ghost town, especially for this time of year.