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#11
03-18-2008, 04:29 PM
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The Depression of 2008
Posted By: Patrick McHugh
Today was a great day to sell the market at the close. The tsunami of forclosures has only just begun. The fed is doing anything to bail out the wall street boys but the fact is the average person can not afford to buy a house at todays prices. Home values need to fall another 25 percent. The only thing the rate cuts do for the average guy(like me) is make my grocery bill go up and 4 dollar gas is coming. Just wait for the spring home selling season there will be so many units on the market and no buyers. Market will probably finish the year down about 20 percent. 
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