[b][url=http://orthoevra.in/archive/ortho-evra.html]>> ORTHO EVRA

Gary,

And You and I have seen these price corrections last time around, and yet still some refuse to believe, that it can, it will, and it is happening again.

Friend #2: “Well, there has to be SOMEBODY out there buying them.”

Please Friend #2, don’t let it be you…

OMG. My father *loves* the Simpsons.

(Yes, this is the same father who simultaneously put in 3 offers directly with the *listing* agent, on a vancant house, being sold by a relo company.)

Now I’ve heard everything. How stupid are people to roll over their car loans into a new car loan. They’ll never get out of debt. How about buying what you can afford and if that’s a small used car, so be it. A car is ultimately transportation but people see it as a status symbol especially in this area. If you go out of this area, you see so many fewer SUVs and more sedans and smaller cars. Even in areas with lots of snow, there are more Suburus than big SUVs.

On-star help!

New cars that are fully loaded — with debt

http://www.latimes.com/business/la-fi-autoloans30dec30,1,3348173.story?coll=la-headlines-business&track=crosspromo

And people wonder why The Simpsons has been on TV for 20 years.

“400K will get a nice place in Sayreville, Pway and parts of North Brunswick.”

Sync, that’s the kind of choice that will put somebody on the Penske Express (whoever coined this term should get an award!) to NC.

Bring that 400K down to 350-360K, and we might start to see the market move a little…

“You might want to find a realtor who knows their way around the pre-foreclosure market.”

I liked your post, but be aware that there pretty much aren’t any Realtors who know their way around pre-foreclosure. I’ve been doing this a long time, and I know maybe three people- tops- who can play that game, and two of them are in my office.

Also, any agent who does pre-foreclosure will not be doing it to help buyers. The agent will buy any good deal that arises. I get inquiries from potential buyers all the time, asking me to help them with pre-foreclosure; I just tell them no, and then tell them I’m in that game to trade my own account.

I think you’ve got the psychology nailed. However, the price drops before we catch another updraft are going to be epic.

I do agree with you on money pouring out of the “next big thing” (and every decade brings a new “next big thing”) into RE and the mass core dump of memory that seems to occur in the US every 10-12 years.

http://www.charlotte.com/business/story/425177.html

New cars that are fully loaded — with debt

http://www.latimes.com/business/la-fi-autoloans30dec30,1,3348173.story?coll=la-headlines-business&track=crosspromo

Gary,

There aren’t always more suckers out there. That’s how bubbles burst; when there are no more “greater fools “left. Most of the suckers have already been drawn in. After all, if there were always more suckers, PETS.COM would still be going up & tulip bulbs would be trading for millions.

Sure, there are always a few out there who are jumping up and down at the prospect of starter capes; “10% off”, but for the most part the suckers already bought and are now trying to get out. There simply aren’t enough suckers relative to the amount of inventory. The non-owners out there now are either structurally priced out (can’t buy), have no desire to own (renters for life) or understand market dynamics and refuse to pay these bloated prices.