Another month of record bank repossessions, even though the notices of default are down 30 percent year over year, reports CNBC’s Diana Olick. Could the worst be on the way, with Barry Ritholtz, Fusion IQ CEO, and Brett Arends, Wall Street Journal columnist.

Airtime: Thurs. Sept. 16 2010 | :00:0 10 ET

Category: Media, Video

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3 Responses to “Foreclosure Tidal Wave”

  1. JustinTheSkeptic says:

    Other cash buyers are also not buying because we don’t believe that the bottom is in because the stupid government is holding prices up!

  2. JustinTheSkeptic says:

    FY Keynesians!!!

  3. onlyme says:

    JustinTheSkeptic is correct about the bottom not being hit yet. I predict that the bottom will not arrive until the average house price is in the $30,000.00 price range. Why you ask? Because that was close to the average price in the early 1970′s when America officially went bankrupt and Nixon removed us from the gold standard thereby unleashing massive price inflation.
    Go ahead and laugh, it’s OK.