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CricketOnTheHearth.
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March 5, 2010 at 4:31 PM #522391March 5, 2010 at 4:45 PM #521485
sdrealtor
ParticipantOnly problem with your perfect storm hypothesis is that if nothing else we have learned there is no perfect storm in this market. There are way too many forces acting upon it for it to all converge perfectly. Plan on more extending and pretending.
March 5, 2010 at 4:45 PM #521626sdrealtor
ParticipantOnly problem with your perfect storm hypothesis is that if nothing else we have learned there is no perfect storm in this market. There are way too many forces acting upon it for it to all converge perfectly. Plan on more extending and pretending.
March 5, 2010 at 4:45 PM #522057sdrealtor
ParticipantOnly problem with your perfect storm hypothesis is that if nothing else we have learned there is no perfect storm in this market. There are way too many forces acting upon it for it to all converge perfectly. Plan on more extending and pretending.
March 5, 2010 at 4:45 PM #522151sdrealtor
ParticipantOnly problem with your perfect storm hypothesis is that if nothing else we have learned there is no perfect storm in this market. There are way too many forces acting upon it for it to all converge perfectly. Plan on more extending and pretending.
March 5, 2010 at 4:45 PM #522406sdrealtor
ParticipantOnly problem with your perfect storm hypothesis is that if nothing else we have learned there is no perfect storm in this market. There are way too many forces acting upon it for it to all converge perfectly. Plan on more extending and pretending.
March 5, 2010 at 5:43 PM #521520pencilneck
ParticipantI slightly disagree. Recent events would suggest the opposite. The tech bubble of 2001, the housing bust, the banking crises, etc. lead me to believe that, call them what you will, perfect storms obviously happen. And recently with alarming frequency.
I agree that by timing a future perfect storm in the 2010-12 time frame makes the (rather ridiculous) assumption that there will be no changes to current policy. But it is the coming changes to these policies that will help to determine the timing, size, and scope of our next crisis.
To correct an inaccuracy in my hypothetical scenario: It is the date that the debt is forgiven that is key to tax implications, rather than the date of foreclosure.
March 5, 2010 at 5:43 PM #521661pencilneck
ParticipantI slightly disagree. Recent events would suggest the opposite. The tech bubble of 2001, the housing bust, the banking crises, etc. lead me to believe that, call them what you will, perfect storms obviously happen. And recently with alarming frequency.
I agree that by timing a future perfect storm in the 2010-12 time frame makes the (rather ridiculous) assumption that there will be no changes to current policy. But it is the coming changes to these policies that will help to determine the timing, size, and scope of our next crisis.
To correct an inaccuracy in my hypothetical scenario: It is the date that the debt is forgiven that is key to tax implications, rather than the date of foreclosure.
March 5, 2010 at 5:43 PM #522092pencilneck
ParticipantI slightly disagree. Recent events would suggest the opposite. The tech bubble of 2001, the housing bust, the banking crises, etc. lead me to believe that, call them what you will, perfect storms obviously happen. And recently with alarming frequency.
I agree that by timing a future perfect storm in the 2010-12 time frame makes the (rather ridiculous) assumption that there will be no changes to current policy. But it is the coming changes to these policies that will help to determine the timing, size, and scope of our next crisis.
To correct an inaccuracy in my hypothetical scenario: It is the date that the debt is forgiven that is key to tax implications, rather than the date of foreclosure.
March 5, 2010 at 5:43 PM #522187pencilneck
ParticipantI slightly disagree. Recent events would suggest the opposite. The tech bubble of 2001, the housing bust, the banking crises, etc. lead me to believe that, call them what you will, perfect storms obviously happen. And recently with alarming frequency.
I agree that by timing a future perfect storm in the 2010-12 time frame makes the (rather ridiculous) assumption that there will be no changes to current policy. But it is the coming changes to these policies that will help to determine the timing, size, and scope of our next crisis.
To correct an inaccuracy in my hypothetical scenario: It is the date that the debt is forgiven that is key to tax implications, rather than the date of foreclosure.
March 5, 2010 at 5:43 PM #522441pencilneck
ParticipantI slightly disagree. Recent events would suggest the opposite. The tech bubble of 2001, the housing bust, the banking crises, etc. lead me to believe that, call them what you will, perfect storms obviously happen. And recently with alarming frequency.
I agree that by timing a future perfect storm in the 2010-12 time frame makes the (rather ridiculous) assumption that there will be no changes to current policy. But it is the coming changes to these policies that will help to determine the timing, size, and scope of our next crisis.
To correct an inaccuracy in my hypothetical scenario: It is the date that the debt is forgiven that is key to tax implications, rather than the date of foreclosure.
March 5, 2010 at 7:48 PM #521570poorgradstudent
ParticipantOn the one hand, to my knowledge everything pencilneck listed in the original post is factually correct, and reason for concern house prices will keep falling.
On the other hand, the employment forecast for late 2010 into 2011 is pretty good. Job losses have mostly stabilized, and sooner or later job growth will start. The “green shoots” are growing a bit more. So the employment picture will get a little better.
I actually expect housing to be pretty flat for the next two years. No serious further collapse in price, but no sudden rebound either.
March 5, 2010 at 7:48 PM #521711poorgradstudent
ParticipantOn the one hand, to my knowledge everything pencilneck listed in the original post is factually correct, and reason for concern house prices will keep falling.
On the other hand, the employment forecast for late 2010 into 2011 is pretty good. Job losses have mostly stabilized, and sooner or later job growth will start. The “green shoots” are growing a bit more. So the employment picture will get a little better.
I actually expect housing to be pretty flat for the next two years. No serious further collapse in price, but no sudden rebound either.
March 5, 2010 at 7:48 PM #522142poorgradstudent
ParticipantOn the one hand, to my knowledge everything pencilneck listed in the original post is factually correct, and reason for concern house prices will keep falling.
On the other hand, the employment forecast for late 2010 into 2011 is pretty good. Job losses have mostly stabilized, and sooner or later job growth will start. The “green shoots” are growing a bit more. So the employment picture will get a little better.
I actually expect housing to be pretty flat for the next two years. No serious further collapse in price, but no sudden rebound either.
March 5, 2010 at 7:48 PM #522235poorgradstudent
ParticipantOn the one hand, to my knowledge everything pencilneck listed in the original post is factually correct, and reason for concern house prices will keep falling.
On the other hand, the employment forecast for late 2010 into 2011 is pretty good. Job losses have mostly stabilized, and sooner or later job growth will start. The “green shoots” are growing a bit more. So the employment picture will get a little better.
I actually expect housing to be pretty flat for the next two years. No serious further collapse in price, but no sudden rebound either.
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