=BubbleTrack= Your Best Source For The Least Housing Bubble Bull
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Saturday, April 08, 2006
A BULL, A BEAR AND THE BUBBLE / What's ahead for the real estate market? Two respected analysts -- and now authors -- hold markedly different views
A BULL, A BEAR AND THE BUBBLE / What's ahead for the real estate market? Two respected analysts -- and now authors -- hold markedly different views:
"Because of the above factors, Talbott predicts a wave of loan defaults and foreclosures. Bank presidents will be fired for making so many risky loans. The new presidents, wanting to clean up the mess, will unload the properties at a loss, perhaps for 40 to 60 cents on the dollar. This will flood the market and deflate home prices further."
"Because of the above factors, Talbott predicts a wave of loan defaults and foreclosures. Bank presidents will be fired for making so many risky loans. The new presidents, wanting to clean up the mess, will unload the properties at a loss, perhaps for 40 to 60 cents on the dollar. This will flood the market and deflate home prices further."
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