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  • May 14, 2008 at 10:29 PM #12739
    Multiplepropertyowner
    Participant

    Well, it seems that the piggs are starting to squirm a bit with all the recent activity in the market. There sure have been a lot of post about where to buy recently and “worrying interest rates”. The dude with a $100,000,000 to spend who has basically never been to San Diego was my favorite. The thing I noticed about that thread was how the tone has changed from you are a lunatic for considering to buy now, to entering into the hunt with him. Now the guru of this site himself Case of Case/Shiller is calling the bottom (see link below). I’m not saying we are near the bottom, but talk around the water cooler is that people are starting to seriously look again. http://www.therealestatebloggers.com/2008/05/09/is-that-bouncing-sound-i-hear-the-bottom-of-the-real-estate-market/
    P.S. Save the bouncing cat replies.

    May 14, 2008 at 10:40 PM #204332
    jpinpb
    Participant

    We discussed this somewhat.

    http://piggington.com/case_saying_bottom

    I am surprised Case would say this considering the amount of inventory still out there.

    May 14, 2008 at 10:40 PM #204380
    jpinpb
    Participant

    We discussed this somewhat.

    http://piggington.com/case_saying_bottom

    I am surprised Case would say this considering the amount of inventory still out there.

    May 14, 2008 at 10:40 PM #204408
    jpinpb
    Participant

    We discussed this somewhat.

    http://piggington.com/case_saying_bottom

    I am surprised Case would say this considering the amount of inventory still out there.

    May 14, 2008 at 10:40 PM #204431
    jpinpb
    Participant

    We discussed this somewhat.

    http://piggington.com/case_saying_bottom

    I am surprised Case would say this considering the amount of inventory still out there.

    May 14, 2008 at 10:40 PM #204463
    jpinpb
    Participant

    We discussed this somewhat.

    http://piggington.com/case_saying_bottom

    I am surprised Case would say this considering the amount of inventory still out there.

    May 14, 2008 at 10:46 PM #204347
    HereWeGo
    Participant

    Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

    May 14, 2008 at 10:46 PM #204395
    HereWeGo
    Participant

    Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

    May 14, 2008 at 10:46 PM #204423
    HereWeGo
    Participant

    Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

    May 14, 2008 at 10:46 PM #204446
    HereWeGo
    Participant

    Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

    May 14, 2008 at 10:46 PM #204478
    HereWeGo
    Participant

    Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

    May 14, 2008 at 10:47 PM #204352
    Daniel
    Participant

    I’ve said this before, and I’ll probably have to say it many more times this year: “bottom” means different things to different people. I’m willing to bet that the folks on this site concern themselves with the “price bottom”, and couldn’t care less about the bottom in residential investment, new home construction, new home sales, etc. On the other hand, economists take the opposing view: if construction and sales stabilize, that’s what matters most to the economy. Prices sliding a couple more years are not that big of a deal.

    So, I think that we’ll hear bottom calls starting this year (2008 is likely to be the worst year for residential investment, and 2009 should be better, imho) all the way to 2010 and beyond, when prices will probably bottom out. As long as we’re talking about different things, we can all be right 🙂

    May 14, 2008 at 10:47 PM #204400
    Daniel
    Participant

    I’ve said this before, and I’ll probably have to say it many more times this year: “bottom” means different things to different people. I’m willing to bet that the folks on this site concern themselves with the “price bottom”, and couldn’t care less about the bottom in residential investment, new home construction, new home sales, etc. On the other hand, economists take the opposing view: if construction and sales stabilize, that’s what matters most to the economy. Prices sliding a couple more years are not that big of a deal.

    So, I think that we’ll hear bottom calls starting this year (2008 is likely to be the worst year for residential investment, and 2009 should be better, imho) all the way to 2010 and beyond, when prices will probably bottom out. As long as we’re talking about different things, we can all be right 🙂

    May 14, 2008 at 10:47 PM #204428
    Daniel
    Participant

    I’ve said this before, and I’ll probably have to say it many more times this year: “bottom” means different things to different people. I’m willing to bet that the folks on this site concern themselves with the “price bottom”, and couldn’t care less about the bottom in residential investment, new home construction, new home sales, etc. On the other hand, economists take the opposing view: if construction and sales stabilize, that’s what matters most to the economy. Prices sliding a couple more years are not that big of a deal.

    So, I think that we’ll hear bottom calls starting this year (2008 is likely to be the worst year for residential investment, and 2009 should be better, imho) all the way to 2010 and beyond, when prices will probably bottom out. As long as we’re talking about different things, we can all be right 🙂

    May 14, 2008 at 10:47 PM #204451
    Daniel
    Participant

    I’ve said this before, and I’ll probably have to say it many more times this year: “bottom” means different things to different people. I’m willing to bet that the folks on this site concern themselves with the “price bottom”, and couldn’t care less about the bottom in residential investment, new home construction, new home sales, etc. On the other hand, economists take the opposing view: if construction and sales stabilize, that’s what matters most to the economy. Prices sliding a couple more years are not that big of a deal.

    So, I think that we’ll hear bottom calls starting this year (2008 is likely to be the worst year for residential investment, and 2009 should be better, imho) all the way to 2010 and beyond, when prices will probably bottom out. As long as we’re talking about different things, we can all be right 🙂

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