Normally if you're in Vegas and you hit three 7's you'd be ecstatic. Not today. With the DOW dropping 777.68 it's like three 7's in a jackpot. Heck let's round off the .68 to .7 and call it four 7's in a row. Only the results were in reverse. Big time. In fact the market lost about 1.1 trillion today. That's a lot of Wall street bonus's that are not going to happen and more.
I wouldn't be surprised to see the market bounce back up tomorrow but not back to the level it started today.
Still there's a big part of me along with lot of other people that hope this bill or the new form of this bill never passes. Let prices drop down to normal levels. Let people learn, albeit the hard way for some, that you need to save and be prudent before taking out loans that you can't afford to pay. And giving out loans that are unreasonable also. It's time to pay the piper.
Final Look at Local Housing Markets in March
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Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local
Housing Markets in March
A brief excerpt:
After the National Association of Rea...
2 hours ago
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