I’m thinking of putting an offer on a house in a high-end area, and at 5-10% off their spring 2002 purchase price. Do you think this would be a decent price level?
IMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
IMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
IMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
IMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
IMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
Within high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
Within high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
Within high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
Within high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
Within high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
