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Old 02-28-2007, 09:13 PM   #2 (permalink)
Wyody
arrgh, me buckoes
 
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Join Date: Jan 14th, 2007
Posts: 2,153
Re: New Home Sales Down

The RE slump has been expected for some time. I think they tried to plan for it - realized that it's going to be too long a slump for them (RE) to recover any losses in the near future - and so limped through a continuous band-aiding ofthe industry. Now it's here - and so far as I know, we're powerless against it. (Good time to have a few extra bucks - pick up that 20 room mansion on the hill for peanuts!)
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