Thanks SD R,
I have written off the YoY anyways. The bubble in subprime popped about 13 months ago now, August will be 1 year pop for everybody. Starting to get to the point where shitty starts to look ok cause last year was also shitty. I just wonered about esmith’s “fort vs non-fort” idea and how true it is.
Truth be told, I couldnt give a rats ass about it all now. Kind of a game for me. I do have some sympathy for those of you with kids and a wife dreaming of a house (NOW you cheap jerk). Just not one of you yet. I like that houses in my area were 450k, and now are 350k. It isnt money in the bank, but piece of mind. And besides there are alot more buyers who can buy at 350 than 450. We have to clear the tables of buyers in each step down, and each time the table is bigger and more stable.
I play a little game, watching the market and trying to find the first house in the areas I mentioned that lists AND sells below 300k, and interfamily doesnt count. Itll come in MM, that I am sure. Now itll prob be a house that you should just burn and rebuild, but still. My current guess is September, when the summer is over, the “stimulus” is spent, and the hope is gone. But I know nothing of the games being played in Washington and NY, so they may ruin my little game. It is ok, the bet is ill buy myself a beer and toast the return to affordability, or ill buy myself a beer and drown my sorrows about being wrong again. Either way I end up with a beer and houses that are more affordable. Swweeeet!
