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Red · 02-12-2008, 11:07 PM

More and more houses are being reduced in price. People will continue to do that as they have to compete with their neighbours. It's likely going to get worse as more houses are expected on the market in the spring.

There is a large and vocal crowd that's denying the downturn, they are the people that bought recently and are talking themselves in to believing that things will be fine. Can't blame them, it must be hard on them watching the market correction. A lot of people overpaid by a massive amount, one must wonder what could happen if those people start walking away from these houses. It could get ugly in a hurry.

02-12-2008, 11:07 PM	#138
Red Lifetime Suspension Join Date: Oct 2001 Exp:	More and more houses are being reduced in price. People will continue to do that as they have to compete with their neighbours. It's likely going to get worse as more houses are expected on the market in the spring. There is a large and vocal crowd that's denying the downturn, they are the people that bought recently and are talking themselves in to believing that things will be fine. Can't blame them, it must be hard on them watching the market correction. A lot of people overpaid by a massive amount, one must wonder what could happen if those people start walking away from these houses. It could get ugly in a hurry. Last edited by Red; 02-12-2008 at 11:10 PM.