WCI says "cancellations outnumbering new orders" in the Florida Market

[6thGen]

I agree and understand. With regard to money supply, it is part of the playing the neo-Keynesian hand you are dealt. Besides, a Laissez-faire model is not politically realistic. However, his statement is the equivalent to tripling the tax rate on pencil makers, then profoundly noting a year later that it is harder to find a pencil when you really need one.

 

[Babyblue]

Recover from what??? According the NAR, 2006 was the 3rd best year on record (the two previous years <'04 & '05> were market anomalies).

And given the reports of foreclosures and people walking away from deposits on houses/condos, Keynes was right about the irrational housing market of the past couple years--insolvency is signaling the end of that market.



.

Normal is something sells. The market now is not normal.

 

[goofer]

I agree and understand. With regard to money supply, it is part of the playing the neo-Keynesian hand you are dealt. Besides, a Laissez-faire model is not politically realistic. However, his statement is the equivalent to tripling the tax rate on pencil makers, then profoundly noting a year later that it is harder to find a pencil when you really need one.

6th gen
I love your reference to pencil-makers. Is that original? Very clever.

 

[6thGen]

Thanks. As far as I know, it is original. I was recently reading something describing everything that went into making a pencil, so I guess it was stuck in my head.

 

[SHELLY]

Normal is something sells. The market now is not normal.

BB,

You would probably appreciate the lastest episode of [ame="http://www.youtube.com/watch?v=lAhss0mWH6w"]YouTube - Flipper Nation: The Flippin' Fight (3)[/ame]

 

[bdc63]

BB,

You would probably appreciate the lastest episode of Flipper Nation.

You know there's a real estate bubble when ...

... you missed the latest episode of "Flipper Nation" because you were busy watching "Property Ladder" and TiVo was recording "Flip This House".