Comments on: Capitulation or Just Another Leg Down? http://www.sinletter.com/2008/09/capitulation-or-just-another-leg-down/ Tue, 03 Jan 2012 14:45:43 +0000 http://wordpress.org/?v=abc hourly 1 By: Scott http://www.sinletter.com/2008/09/capitulation-or-just-another-leg-down/comment-page-1/#comment-250 Scott Wed, 30 Nov -0001 00:00:00 +0000 http://www.sinletter.com.php5-6.dfw1-2.websitetestlink.com/?p=506#comment-250 I agree with "the cheap get cheaper." I have a passive business in Florida real estate and I am seeing a lot of people buying just because they are enjoying new homes for under 100k down from 250k. With the new adjustment boom in mortgages coming in 2009 more foreclosures will hit the market. In a SW FLA county alone there are 20,000 foreclosures in backlog right now that haven't even hit the market. Homes available now for 100k will likely be about 50-60k by the end of the year. Crazy, isn't it? Sorry, I had to mention real estate. Same goes for the stock market :-) I agree with “the cheap get cheaper.” I have a passive business in Florida real estate and I am seeing a lot of people buying just because they are enjoying new homes for under 100k down from 250k. With the new adjustment boom in mortgages coming in 2009 more foreclosures will hit the market. In a SW FLA county alone there are 20,000 foreclosures in backlog right now that haven’t even hit the market. Homes available now for 100k will likely be about 50-60k by the end of the year. Crazy, isn’t it?

Sorry, I had to mention real estate. Same goes for the stock market :-)

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