Saturday, October 25, 2008
What will "the market" effect be?
How much do you think the stock market dive will affect the real estate market. I mean other than the banks and lending. How many people do you thing have lost a portion of their down payments. How many people are scared as their 401ks melt away? I've heard different opinions from realtors but most of them are trying to blow smoke up my arse, so their opinions don't carry much weight with me. I think the market troubles will take at least 10% of the potential buyers out of the picture. I think those buyers will be primarily the older buyers and the high end buyers though. I think the economy and job losses, or fear of job losses will take more buyers out of the picture in the near future.