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Old 08-26-2012, 09:38 PM   #62
KC native KC native is offline
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Join Date: Feb 2009
Location: Fort Worth, TX
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Quote:
Originally Posted by Bowser View Post
To be fair, he's basing his projections on the election....

Romney wins, vast and somewhat immediate relief/improvement.

Obama wins, straight to the sewer.

He's a pretty sharp guy when it comes to the economy. I've come to take what he says when talking about such issues pretty seriously. Time will tell.
I'm sorry but that is terrible reasoning.

There is a tremendous inventory overhang. We won't see any significant price increases for a long time but we also won't see price declines.

Private equity is raising money in a hurry to buy large tracts of homes from banks for nice prices and the PE firms intend to hold onto the properties and lease them out.

The banks are in much better capital positions now, so they don't have to rush on foreclosures.

Who ever the president is will have no effect on this.
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