- This topic has 28 replies, 6 voices, and was last updated 16 years, 6 months ago by (former)FormerSanDiegan.
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November 5, 2007 at 8:25 AM #10818November 5, 2007 at 8:44 AM #95821Ex-SDParticipant
“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. Properties are going to slide back to neighborhood income, so people will be able to afford them. It has always been thus.”
Some people have questioned my sanity because I have continued to say that we won’t hit the bottom until late 2011 but probably 2012. Looks like a few other people are starting to think the same way.
November 5, 2007 at 8:44 AM #95879Ex-SDParticipant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. Properties are going to slide back to neighborhood income, so people will be able to afford them. It has always been thus.”
Some people have questioned my sanity because I have continued to say that we won’t hit the bottom until late 2011 but probably 2012. Looks like a few other people are starting to think the same way.
November 5, 2007 at 8:44 AM #95889Ex-SDParticipant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. Properties are going to slide back to neighborhood income, so people will be able to afford them. It has always been thus.”
Some people have questioned my sanity because I have continued to say that we won’t hit the bottom until late 2011 but probably 2012. Looks like a few other people are starting to think the same way.
November 5, 2007 at 8:44 AM #95895Ex-SDParticipant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. Properties are going to slide back to neighborhood income, so people will be able to afford them. It has always been thus.”
Some people have questioned my sanity because I have continued to say that we won’t hit the bottom until late 2011 but probably 2012. Looks like a few other people are starting to think the same way.
November 5, 2007 at 9:00 AM #95837(former)FormerSanDieganParticipant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. ”
Although I think it’s a reasonable (but a but weak on details) article this guy cannot add.
OK, so the market peaked in 2005, add five years you get what ?
2010. That is somewhere close to 2009. Can this guy not add ?
November 5, 2007 at 9:00 AM #95894(former)FormerSanDieganParticipant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. ”
Although I think it’s a reasonable (but a but weak on details) article this guy cannot add.
OK, so the market peaked in 2005, add five years you get what ?
2010. That is somewhere close to 2009. Can this guy not add ?
November 5, 2007 at 9:00 AM #95904(former)FormerSanDieganParticipant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. ”
Although I think it’s a reasonable (but a but weak on details) article this guy cannot add.
OK, so the market peaked in 2005, add five years you get what ?
2010. That is somewhere close to 2009. Can this guy not add ?
November 5, 2007 at 9:00 AM #95911(former)FormerSanDieganParticipant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. ”
Although I think it’s a reasonable (but a but weak on details) article this guy cannot add.
OK, so the market peaked in 2005, add five years you get what ?
2010. That is somewhere close to 2009. Can this guy not add ?
November 5, 2007 at 10:07 AM #95866Ex-SDParticipantI don’t think he was taking about when housing prices hit their peak: I think he was referring to when the bottom completely fell out of the housing market and everyone finally acknowledged it in 2007. Where he got the 5 year number is beyond me. Actually, housing prices in CA really started going up in 1998 and peaked in the later part of 2005. That was a good seven year + run.
November 5, 2007 at 10:07 AM #95926Ex-SDParticipantI don’t think he was taking about when housing prices hit their peak: I think he was referring to when the bottom completely fell out of the housing market and everyone finally acknowledged it in 2007. Where he got the 5 year number is beyond me. Actually, housing prices in CA really started going up in 1998 and peaked in the later part of 2005. That was a good seven year + run.
November 5, 2007 at 10:07 AM #95934Ex-SDParticipantI don’t think he was taking about when housing prices hit their peak: I think he was referring to when the bottom completely fell out of the housing market and everyone finally acknowledged it in 2007. Where he got the 5 year number is beyond me. Actually, housing prices in CA really started going up in 1998 and peaked in the later part of 2005. That was a good seven year + run.
November 5, 2007 at 10:07 AM #95942Ex-SDParticipantI don’t think he was taking about when housing prices hit their peak: I think he was referring to when the bottom completely fell out of the housing market and everyone finally acknowledged it in 2007. Where he got the 5 year number is beyond me. Actually, housing prices in CA really started going up in 1998 and peaked in the later part of 2005. That was a good seven year + run.
November 5, 2007 at 12:33 PM #95941crParticipant“OK. So we live by a beach. And we have great weather. And we’ve got a great football team (so far this year, at least.”
I’ll give you beach and weather, though not exclusively, but I’m going to have to disagree with the Chargers being great this year. 🙂 sorry.
As far the bottom, people will be citing the turn-around the whole way down as they already have been for the past year.
It’s the same as we expected every year to start the turn around, until it finally did.
November 5, 2007 at 12:33 PM #96001crParticipant“OK. So we live by a beach. And we have great weather. And we’ve got a great football team (so far this year, at least.”
I’ll give you beach and weather, though not exclusively, but I’m going to have to disagree with the Chargers being great this year. 🙂 sorry.
As far the bottom, people will be citing the turn-around the whole way down as they already have been for the past year.
It’s the same as we expected every year to start the turn around, until it finally did.
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