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Old 12-22-2008, 12:08 PM
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Quicksilver Quicksilver is offline
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Quote:
Originally Posted by JGQ
I know it sounds bad. But these idiots who are projecting 25% decline in prices are the same idiots that never saw this mess coming!! All what they are doing is destroying the consumer confidence in the real estate market and delaying any market recovery.

When someone sees a projected 25% decline, why would they buy in that markets? AT the same time, some might think that it is finacially wise to stop making mortgage payments since they will be underwater in the near future....



People can talk themselves into just about anything.
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