Bye Bye Banks and Wall Street

[Kevy Baby]

Originally Posted by Moonliner

I took Kevy's comments to be about today's stock market dip rather than the crisis as a whole.

Yep.

Originally Posted by Morrigoon

Okay, so the 700-point drop is affecting me right now at this very moment. It's scaring my company's potential customers off pursuing real estate right now, and therefore they don't need what I'm selling (access to foreclosure database). So my performance and commissions are being directly affected.

What will happen tomorrow when the market goes up (as I predict it will)?

But I still don't think it is a good time to invest in real estate as values will only be going down from this point. That is, assuming one is a cash investor. While real estate pricing will go down from here, the cost of money will go up, so the net cost to purchase will remain about the same.