Comments by "worn down" (@worndown8280) on "HOME PRICES CUT $340,000 (Lennar Bankruptcy Risk?)" video.

  1. Already seeing 30% price cuts here in Tenn for real estate with a lot of land. For the price that they want the appraisals dont come in high enough because they dont care about the land, just the improvements. So the banks wont loan then moneys. Ive even seen a few properties go from 600k to 350k. And they are still overpriced. And they all sit empty. Also with the three year bond being at 4.5 % you can now get a higher rate of return than most rental real estate gets in the US. So why would people invest in real estate at this point?
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  2. Those 8% rates will make it so many business, who only survived due to cheap money, folding. Then there will be more unemployment which will further reduce the ability of people to service their debt obligations. Perhaps we will learn the ills of free money, but I doubt it.
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