Turn off FOX news and CNN, put down the liberal newspapers they will rot your brain. The market ebbs and flows with the times. We have had 12 recessions and have recovered from all of them. We all got fat and lazy and have lost our direction, greed, would be speculators, (flippers) and shifty lenders have tanked our economy. All  bloated inventory is the result of our not paying attention. The biggest criminals still at large in my opinion are the builders and the lenders.

I had a conversation with an Engle homes rep yesterday, they are giving my owner his model leaseback back to him at the end of June. They told me they were selling all of the model furniture off last night in an auction (thurs nite, employess can buy, fri & Sat the public can go) and that they were unaware of where my owners keys are. I was outraged that they would hold an auction with out letting my owner know to see if he would like to come and buy some of the furnishings in his own home. I also said if any of the fixtutres or appliances went missing during their little sale they would be getting sued, they of course rebutted with " we are a professional company and are very good at this" I told them 'no you are not, your company went bankrupt because you do not know what you are doing!" (They went BK in early 2008.) Now my owner has a model home mortgaged for 413K and the only house standing for five blocks is this model, thanks Engle. If you want to rent this home let me know!

As for the market kids here is how it is: We got fat and we all ate well but the FED put us on a diet. We got the stomach sugery, we lost wieght almost overnight, prices have fallen (as have values) and now we are looking at ourselves in the mirror, have we lost enogh fat yet or do we continue to diet? Once that has been determined we will create a stimulous package and it will be another bull market. Hold on, because this market will pass.