Thread: The US Housing market is in deep shit
View Single Post
Old 02-05-2008, 12:36 AM   #90 (permalink)
bkkandrew
Clingin' on...
 
bkkandrew's Avatar
 
Join Date: Oct 2007
Location: BKK
Posts: 4,158
bkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the netbkkandrew User spends way too much time on the net
Quote:
Originally Posted by raycarey View Post
bkkandrew, you seem very well informed on this issue, and i for one appreaciate your posts.

i'd be interested to know your thoughts on the alt-a mortgages and whether or not they're the next shoe to drop.....and if so, how bad do you think it will be.
There is no question that alt-a are now in dire straights. Property valuation slumps move the goalposts of equity and essentially rewrite the terms of a loan.

There is going to a tsunami of defaults during 08/09, affecting even prime borrowers in the US, UK, Australia and parts of the Eurozone. During that time, the 'party' will move East (and in some places already has - see prior posts) to decimate 'value' here and in the region...
__________________
The future of TeakDoor:


To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.


A funny thing happened today - Ant trolls, stalks, prevokes and generally upsets approximately 15 members of the board, yet Noodles goes to jail. Perhaps it was a dream...
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
bkkandrew is offline   Reply With Quote
 
Page generated in 0.08179 seconds with 19 queries