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Old 10-15-2010, 03:28 PM
pj67coll pj67coll is offline
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Join Date: Apr 2003
Location: Phoenix Arizona. Ex Durban R.S.A.
Posts: 6,104
Foreclosure freeze

So, what do you all think about the "forclosure freeze" that's supposed to be happening now. Personally I'd be delighted to see all the banks get creamed in court and fined billions, but that's not going to happen. What I do think will happen is that we will find in a year or two's time that what's happend so far is just the water receding from the shoreline and the real the foreclosure tidalwave will then hit making what we have endured so far seem nothing by comparrison. In other words I predict property values will fall off the cliff again in about a year or two's time.

- Peter.
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