[silverleaf]

Harry Dent (”The Great Depression Ahead”) predicted this real estate bubble burst for next year into 2011. He also predicted home values to fall to about mid-90’s levels.

So heads up for those who expected to sell in the next couple of years. Maybe now is the time.

[Signalman]

Harry Dent (”The Great Depression Ahead”) predicted this real estate bubble burst for next year into 2011.

I'm a Harry Dent fan myself and subscribe to his newsletter. In addition to the bad news on mortgage delinquencies, today's news that jobless claims rose last week don't bode well for the stock market, nor do they agree with the MSM hoopla that "The recession is over". Baloney, it's not over, it (the economy) is going to worsen.

[central_va]

Harry Dent (”The Great Depression Ahead”) predicted this real estate bubble burst for next year into 2011. He also predicted home values to fall to about mid-90’s levels.

This can't happen as the dollar cheapens overseas foreign investment will keep the nominal real estate prices up to present (2007) "real" levels.

[Claud]

So heads up for those who expected to sell in the next couple of years. Maybe now is the time.

We tried. Had the house under contract and everything. Then the FHA loan appraiser says its worth 15k less than we had "sold" it for. Our realtor appealed, but FHA appraisers are being super conservative right now. The buyer could no longer get his FHA loan and doesn't qualify for conventional. We can't drop the price and cut into our down payment, cause then we can't even afford a house as good as the one we're in. So we said screw it, and are taking the house off the market--luckily we are under no pressure to move.

And this is in the Northeast, where the housing market didn't really take that big of a hit.

Whaddya gonna do. Sit tight, keep paying down the mortgage, and try again in a couple of years I guess.