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First quarter of 2009 is too far away. GM blew it's chance

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Old Aug 30, 2006 | 10:47 AM
  #121  
Mr. Wolf's Avatar
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Joined: Jan 2004
Posts: 297
From: Houston
Re: First quarter of 2009 is too far away. GM blew it's chance

you gotta think like this, the Camaro didn't even get introduced until 3 years after the orginal Mustang in 64 so i think it'll do great.
Old Aug 30, 2006 | 11:24 AM
  #122  
JCS30TH's Avatar
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Joined: Aug 2006
Posts: 123
From: Florida
Thumbs down Re: First quarter of 2009 is too far away. GM blew it's chance

Originally Posted by Chrome383Z
Oil is going down, and the housing markets are going back to "normal".

Unless you're one of the idiots that bought a 200k house for 400k on an Interest only loan. Then yes, your world will end...
Yes there is downward pricing in the housing market and probably will continue as interest rates rise and the idoits taking losses on thier 200k houses they paid 400k for. A year ago where I live they had lotteries just to be able to purchase a home in a new development, now the developors are lowering thier prices 75 to 150k. Houses went on the market and sold in a week at above asking price. Now 120+ days is not uncommon and there is over 6k homes for sale, just in the small area where i live.

Oil will be headed back up. Not me but there are a crapload of them out there with those "1%" loans. The funny thing is these tools act suprised to find out their housepayment is going to triple. Hellow.
Old Aug 30, 2006 | 11:24 AM
  #123  
JCS30TH's Avatar
Registered User
 
Joined: Aug 2006
Posts: 123
From: Florida
Thumbs down Re: First quarter of 2009 is too far away. GM blew it's chance

Originally Posted by Chrome383Z
Oil is going down, and the housing markets are going back to "normal".

Unless you're one of the idiots that bought a 200k house for 400k on an Interest only loan. Then yes, your world will end...
Yes there is downward pricing in the housing market and probably will continue as interest rates rise and the idoits taking losses on thier 200k houses they paid 400k for. A year ago where I live they had lotteries just to be able to purchase a home in a new development, now the developors are lowering thier prices 75 to 150k. Houses went on the market and sold in a week at above asking price. Now 120+ days is not uncommon and there is over 6k homes for sale, just in the small area where i live.

Oil will be headed back up. Not me but there are a crapload of them out there with those "1%" loans. The funny thing is these tools act suprised to find out their housepayment is going to triple. Hellow.
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