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temeculaguy.
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January 16, 2009 at 5:55 PM #330686January 16, 2009 at 6:05 PM #330178
34f3f3f
ParticipantBoomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.”
January 16, 2009 at 6:05 PM #33051434f3f3f
ParticipantBoomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.”
January 16, 2009 at 6:05 PM #33059134f3f3f
ParticipantBoomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.”
January 16, 2009 at 6:05 PM #33061734f3f3f
ParticipantBoomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.”
January 16, 2009 at 6:05 PM #33070134f3f3f
ParticipantBoomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.”
January 16, 2009 at 8:17 PM #330213patientrenter
Participant[quote=qwerty007]Boomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.” [/quote]
In line with incomes? I would say that house prices in SOME places have dropped in line with SOME incomes. Prices are still way higher than 10 years ago, and are broadly propped up by taxpayers/savers taking on the risk from further drops in price, and from a tsunami of cheap money from the taxpayers/savers. (Taxpayers will pick up the tab to the extent there is no extra inflation, savers will pick up the tab to the extent there is extra inflation.)
January 16, 2009 at 8:17 PM #330551patientrenter
Participant[quote=qwerty007]Boomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.” [/quote]
In line with incomes? I would say that house prices in SOME places have dropped in line with SOME incomes. Prices are still way higher than 10 years ago, and are broadly propped up by taxpayers/savers taking on the risk from further drops in price, and from a tsunami of cheap money from the taxpayers/savers. (Taxpayers will pick up the tab to the extent there is no extra inflation, savers will pick up the tab to the extent there is extra inflation.)
January 16, 2009 at 8:17 PM #330625patientrenter
Participant[quote=qwerty007]Boomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.” [/quote]
In line with incomes? I would say that house prices in SOME places have dropped in line with SOME incomes. Prices are still way higher than 10 years ago, and are broadly propped up by taxpayers/savers taking on the risk from further drops in price, and from a tsunami of cheap money from the taxpayers/savers. (Taxpayers will pick up the tab to the extent there is no extra inflation, savers will pick up the tab to the extent there is extra inflation.)
January 16, 2009 at 8:17 PM #330652patientrenter
Participant[quote=qwerty007]Boomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.” [/quote]
In line with incomes? I would say that house prices in SOME places have dropped in line with SOME incomes. Prices are still way higher than 10 years ago, and are broadly propped up by taxpayers/savers taking on the risk from further drops in price, and from a tsunami of cheap money from the taxpayers/savers. (Taxpayers will pick up the tab to the extent there is no extra inflation, savers will pick up the tab to the extent there is extra inflation.)
January 16, 2009 at 8:17 PM #330736patientrenter
Participant[quote=qwerty007]Boomtown is a slightly misleading word in the context of this article, at least in respect of soCal. Here’s a snippet.
“…places where purchases of foreclosed properties have surged most in the last year …in California, it’s because house prices have finally dropped into line with incomes.” [/quote]
In line with incomes? I would say that house prices in SOME places have dropped in line with SOME incomes. Prices are still way higher than 10 years ago, and are broadly propped up by taxpayers/savers taking on the risk from further drops in price, and from a tsunami of cheap money from the taxpayers/savers. (Taxpayers will pick up the tab to the extent there is no extra inflation, savers will pick up the tab to the extent there is extra inflation.)
January 16, 2009 at 10:14 PM #330293nostradamus
ParticipantTg I think there’s a fourth demographic: those who feel they missed the get-rich-quick train during the latest bubble and were priced out, now feel the train has slowed down and they can jump on. Years and years of RE cheer leading isn’t easily forgotten by the recklessly optimistic.
Someone on another thread called RE a crap shoot. I think today it’s more like roulette. Craps has great odds of coming out ahead.
January 16, 2009 at 10:14 PM #330629nostradamus
ParticipantTg I think there’s a fourth demographic: those who feel they missed the get-rich-quick train during the latest bubble and were priced out, now feel the train has slowed down and they can jump on. Years and years of RE cheer leading isn’t easily forgotten by the recklessly optimistic.
Someone on another thread called RE a crap shoot. I think today it’s more like roulette. Craps has great odds of coming out ahead.
January 16, 2009 at 10:14 PM #330705nostradamus
ParticipantTg I think there’s a fourth demographic: those who feel they missed the get-rich-quick train during the latest bubble and were priced out, now feel the train has slowed down and they can jump on. Years and years of RE cheer leading isn’t easily forgotten by the recklessly optimistic.
Someone on another thread called RE a crap shoot. I think today it’s more like roulette. Craps has great odds of coming out ahead.
January 16, 2009 at 10:14 PM #330732nostradamus
ParticipantTg I think there’s a fourth demographic: those who feel they missed the get-rich-quick train during the latest bubble and were priced out, now feel the train has slowed down and they can jump on. Years and years of RE cheer leading isn’t easily forgotten by the recklessly optimistic.
Someone on another thread called RE a crap shoot. I think today it’s more like roulette. Craps has great odds of coming out ahead.
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