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To: Lorianne
The "comps" are meaningless in this particular market. What we've seen is massive overbuilding (by underpaid illegal aliens brought here by our friends in the Chamber of Commerce).

The oversupply has forced a 40% to 60% drop in homeprices nationwide.

The solution is simple ~ create a housing shortage.

5 posted on 02/23/2009 9:54:20 PM PST by muawiyah
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To: muawiyah

Yes, that too. But to do that we have to let prices fall so that inventory will be bought up.

Exactly opposite what Obama and friends are trying to do.


6 posted on 02/23/2009 9:55:58 PM PST by Lorianne
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