tag:blogger.com,1999:blog-11719208.post3347657572838769463..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Existing home sales "crazy good"Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11719208.post-91299691412863904642009-12-22T15:11:00.760-08:002009-12-22T15:11:00.760-08:00Ok, so more homes are selling.
1. Is this simp...Ok, so more homes are selling. <br /><br />1. Is this simply because of price capitulation after a long period of asking prices that were not in line with reality? Is the market is now forcing a price drop, either through foreclosures or not? <br /><br />2. How ARE prices adjusted for home sizes doing? (You can sell anything if you price it low enough)<br /><br />But I do have anecdotal evidence that people are indeed still fools. A guy my wife knows and his girlfriend, having both lost jobs this year, and luckily both found new (lower paying) jobs, rushed out and bought a home together. Of course, predictably, they both lost their jobs again (in finanace!) soon after and are about to be out on their rear ends. Jobless, homeless, broke, with no credit. <br /><br />Just when you think people learned their lessons and the good news may be real, I give you, the American consumer!Anonymousnoreply@blogger.com