Tuesday, February 12, 2008

Real Estate - what is the forecast?

Well, it is the opposite of sunny; there is a gale force wind with a massive thunderstorm. Banks will fail, prices will fall. Actually, things are good now compared to the near future. Get ready for a wild ride as the economy implodes.

Future of Real Estate is very grim indeed as we see now more than ever signs of a coming economic collapse the the perfect storm caused by a declining dollar and investors pulling money out of US banks creates chaos for the markets.

Expect to see property prices plummet and then slowly go up, but first you could see prices crash when banks attempt to unload the huge number of forclosed properties they have on the book... It's scary...

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