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kev374.
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September 10, 2008 at 7:52 PM #13790September 11, 2008 at 2:24 AM #268821
CA renter
ParticipantGreat article!
Notice the tone, even of the Realtors. Everyone seems cautious about the increased prices and note that the high prices (in 2000!!!) were not good for the overall economy.
The bubble changed everyone’s perceptions (even the bears who think that $400K is an “affordable” house).
A quote from the article:
Affordability is the “single most important factor right now that will slow our market,” said Kristen Fowler, a real estate agent at Coldwell Banker Yorba Linda.
Apartment rents are at record highs, too, and that means potential home buyers are paying more for housing, cutting into their savings for a future down payment on a house or condominium.
Said Fowler: “If housing is not affordable for the masses, we won’t have enough buyers to go around.”
September 11, 2008 at 2:24 AM #269049ParticipantGreat article!
Notice the tone, even of the Realtors. Everyone seems cautious about the increased prices and note that the high prices (in 2000!!!) were not good for the overall economy.
The bubble changed everyone’s perceptions (even the bears who think that $400K is an “affordable” house).
A quote from the article:
Affordability is the “single most important factor right now that will slow our market,” said Kristen Fowler, a real estate agent at Coldwell Banker Yorba Linda.
Apartment rents are at record highs, too, and that means potential home buyers are paying more for housing, cutting into their savings for a future down payment on a house or condominium.
Said Fowler: “If housing is not affordable for the masses, we won’t have enough buyers to go around.”
September 11, 2008 at 2:24 AM #269063ParticipantGreat article!
Notice the tone, even of the Realtors. Everyone seems cautious about the increased prices and note that the high prices (in 2000!!!) were not good for the overall economy.
The bubble changed everyone’s perceptions (even the bears who think that $400K is an “affordable” house).
A quote from the article:
Affordability is the “single most important factor right now that will slow our market,” said Kristen Fowler, a real estate agent at Coldwell Banker Yorba Linda.
Apartment rents are at record highs, too, and that means potential home buyers are paying more for housing, cutting into their savings for a future down payment on a house or condominium.
Said Fowler: “If housing is not affordable for the masses, we won’t have enough buyers to go around.”
September 11, 2008 at 2:24 AM #269107ParticipantGreat article!
Notice the tone, even of the Realtors. Everyone seems cautious about the increased prices and note that the high prices (in 2000!!!) were not good for the overall economy.
The bubble changed everyone’s perceptions (even the bears who think that $400K is an “affordable” house).
A quote from the article:
Affordability is the “single most important factor right now that will slow our market,” said Kristen Fowler, a real estate agent at Coldwell Banker Yorba Linda.
Apartment rents are at record highs, too, and that means potential home buyers are paying more for housing, cutting into their savings for a future down payment on a house or condominium.
Said Fowler: “If housing is not affordable for the masses, we won’t have enough buyers to go around.”
September 11, 2008 at 2:24 AM #269135ParticipantGreat article!
Notice the tone, even of the Realtors. Everyone seems cautious about the increased prices and note that the high prices (in 2000!!!) were not good for the overall economy.
The bubble changed everyone’s perceptions (even the bears who think that $400K is an “affordable” house).
A quote from the article:
Affordability is the “single most important factor right now that will slow our market,” said Kristen Fowler, a real estate agent at Coldwell Banker Yorba Linda.
Apartment rents are at record highs, too, and that means potential home buyers are paying more for housing, cutting into their savings for a future down payment on a house or condominium.
Said Fowler: “If housing is not affordable for the masses, we won’t have enough buyers to go around.”
September 11, 2008 at 10:24 AM #268927cr
ParticipantInteresting – almost a complete reversal of what is happening today.
– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equityAmazing how much things changed in 8 years.
September 11, 2008 at 10:24 AM #269154ParticipantInteresting – almost a complete reversal of what is happening today.
– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equityAmazing how much things changed in 8 years.
September 11, 2008 at 10:24 AM #269168ParticipantInteresting – almost a complete reversal of what is happening today.
– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equityAmazing how much things changed in 8 years.
September 11, 2008 at 10:24 AM #269212ParticipantInteresting – almost a complete reversal of what is happening today.
– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equityAmazing how much things changed in 8 years.
September 11, 2008 at 10:24 AM #269239ParticipantInteresting – almost a complete reversal of what is happening today.
– Prices are falling yet today people want to prop them up
– Homes are selling slower and inventory is at or near all time highs yet today they claim there is pent up demand
– A slow down in sales was blamed on affordability, but today it’s blamed on “tightened credit conditions”
– High prices are seen as bad, because people can afford less of everything else, where today high prices are good because people can spend their equityAmazing how much things changed in 8 years.
September 11, 2008 at 12:13 PM #269299ibjames
Participant[quote=cooprider]
Amazing how much things changed in 8 years.[/quote]Seriously.. WTF!
September 11, 2008 at 12:13 PM #269273Participant[quote=cooprider]
Amazing how much things changed in 8 years.[/quote]Seriously.. WTF!
September 11, 2008 at 12:13 PM #269214Participant[quote=cooprider]
Amazing how much things changed in 8 years.[/quote]Seriously.. WTF!
September 11, 2008 at 12:13 PM #268986Participant[quote=cooprider]
Amazing how much things changed in 8 years.[/quote]Seriously.. WTF!
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