BofA is in serious trouble. Tip of the iceberg. They're going Chapter 11. When I can't say but the realtors in my area are informing me that they are holding back homes so the market doesn't tank worse. And with rising rates nothing will sell. What happens next earnings cycle? Titanic drop for BofA.
I really love it when you shorts resort to these kind of outrageous statements. Tells me you're having trouble with your position. Cover now my friend,it's not worth risking your health. T
It's pretty funny when you write this;
"I really love it when you shorts resort to these kind of outrageous statements. Tells me you're having trouble with your position. Cover now my friend,it's not worth risking your health. T "
right after your turniphead just came up with this mental turdball;
"HOUSING START SURGE DOMINOES INTO TOXIC ASSETS"
Note the all caps--the mark of a true mental midget.
Recognize that, turniphead?
Man you are one stupid and annoying imbecile.
True in MN also. We pass 3 homes within 1/2 mile of our home that have been empty since Dec. 2008. No foreclosure, no for sale. They are hidden from the stats but they do exist. Our realator friend advised me that it will be 2 more years before a bottom is found. There is ALLOt of empty houses that banks don't want to realize as "bad loans" for fear of failure.
Yes I do. Talking to lawyers and realtors daily. The market is frozen and the word is out that they're holding foreclosures because they have so many. I've been advised NOT TO BUY NOW by realtors and lawyers because there is an enormous amount of foreclosures not even on the market. How many realtors or lawyers do you know that don't want to make a deal? None. Been trying to buy for months and prices keep tanking to give away prices.