Old Project Avalon Forum (ARCHIVE) - View Single Post

pyrangello · 11-24-2009, 03:55 PM

Steve, it's already here bud, the house next door to me sold for 75% less than the origianl mortgage was for. Thats why the housing sales were up 10% last month for the month of october. They just announced 2 things, 1- Michigan last 260,000 jobs in the first 6 months of this year. 2- In the next 2 years in the U.S. they are predicting 7 million additional foreclosures, most are in the pipeline now. I personally think that # is way low.

I'm seeing many articles commercial real eatate is very close to a swan dive off the cliff as well.

On the local news this morning here in the north many small businesses are hurting as this years hunting season is 2 weeks going and people are just not traveling north from the city, some areas are down 60-70% in sales.

There are some pockets of work out there but not many.

11-24-2009, 03:55 PM	#2
pyrangello Avalon Senior Member Join Date: Sep 2008 Location: Northern Michigan Posts: 412	Re: Cheaper Housing coming to the US! Steve, it's already here bud, the house next door to me sold for 75% less than the origianl mortgage was for. Thats why the housing sales were up 10% last month for the month of october. They just announced 2 things, 1- Michigan last 260,000 jobs in the first 6 months of this year. 2- In the next 2 years in the U.S. they are predicting 7 million additional foreclosures, most are in the pipeline now. I personally think that # is way low. I'm seeing many articles commercial real eatate is very close to a swan dive off the cliff as well. On the local news this morning here in the north many small businesses are hurting as this years hunting season is 2 weeks going and people are just not traveling north from the city, some areas are down 60-70% in sales. There are some pockets of work out there but not many.