Comments on: The Perfect Storm Continues for Real Estate and the Economy

By: Peter Giardini

Peter Giardini — Wed, 16 Sep 2009 03:48:51 +0000

Steve,

You are absolutely correct. But at some time the banks are going to have to let go of the bow-wave of inventory… just to make room for the stuff they are about to take possession of.

By: Peter Giardini

Peter Giardini — Wed, 16 Sep 2009 03:47:14 +0000

Tyler,

I accept that you are being challenged regarding lenders… however, I think you may be throwing in the towel too soon.

If not banks, what about those who have 401Ks? Trillions of dollars left the equities market, some lost forever, but most put to the sidelines… where is that money sitting today?

Don’t lament the sitution… go figure out how to tap into the money that is just waiting for a place to go to work.

By: TK

TK — Wed, 16 Sep 2009 02:28:17 +0000

I’d love to be buying in about 12 to 18 months. The near-term is going to be really murky though.

By: Steve

Steve — Tue, 15 Sep 2009 22:20:45 +0000

The longer the government/banks hold inventory and keep prices for appreciating again, the better it is for us guys who can buy some properties but have limited capital. .-= Steve´s last blog ..Sticking with a Deal Pays =-.