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Non-Cattle Specific Topics
Coffee Shop
Third Wave of Foreclosures
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<blockquote data-quote="grannysoo" data-source="post: 664710" data-attributes="member: 6980"><p>I think the whole lot of you just don't know what you're talking about. After all, in todays paper, we have an AP article out of Washington DC that states that most economists see recession ending by the end of this year. They state that things are soft, but stabilizing. In the same breath, they state that employment is going to continue to go up, business will stay cautious, and more bankruptcy will be coming. </p><p></p><p>So.... to all of you cowboys that know it all, you've got to learn to talk out of both sides of your mouth before I'm going to give you any credibility. Isn't that what they call "doublespeak"? :dunce: </p><p></p><p>Have you heard about the "phantom" properties that the banks have in inventory? Seems that they have tenants or whatever living in them, so they are not having to do the upkeep and it keeps the code departments off of them. The figure given on that was 1.9 million properties that the banks haven't foreclosed on YET, but are going to.</p><p></p><p>And as to commercial, look at all the empty slots in the malls and strips. It's only a matter of time before you're going to see a lot of problems and foreclosures there.</p><p></p><p>The fat lady has not even started warming up yet, much less sang. We've got a long way to go...</p></blockquote><p></p>
[QUOTE="grannysoo, post: 664710, member: 6980"] I think the whole lot of you just don't know what you're talking about. After all, in todays paper, we have an AP article out of Washington DC that states that most economists see recession ending by the end of this year. They state that things are soft, but stabilizing. In the same breath, they state that employment is going to continue to go up, business will stay cautious, and more bankruptcy will be coming. So.... to all of you cowboys that know it all, you've got to learn to talk out of both sides of your mouth before I'm going to give you any credibility. Isn't that what they call "doublespeak"? :dunce: Have you heard about the "phantom" properties that the banks have in inventory? Seems that they have tenants or whatever living in them, so they are not having to do the upkeep and it keeps the code departments off of them. The figure given on that was 1.9 million properties that the banks haven't foreclosed on YET, but are going to. And as to commercial, look at all the empty slots in the malls and strips. It's only a matter of time before you're going to see a lot of problems and foreclosures there. The fat lady has not even started warming up yet, much less sang. We've got a long way to go... [/QUOTE]
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