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kewp.
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October 31, 2007 at 8:19 PM #94048October 31, 2007 at 8:22 PM #94065
JWM in SD
Participant“Buddy… i AM the pent-up demand, and I’m not moving until the supply of available homes is so great, the sellers have no choice but to bring their values back into line and admit their greed was a dumb decision…”
Yes, precisely. Cash, time and no debt. That is what home sellers should fear the most right now. I don’t have to buy a house until I want to buy one.
October 31, 2007 at 8:22 PM #94020Participant“Buddy… i AM the pent-up demand, and I’m not moving until the supply of available homes is so great, the sellers have no choice but to bring their values back into line and admit their greed was a dumb decision…”
Yes, precisely. Cash, time and no debt. That is what home sellers should fear the most right now. I don’t have to buy a house until I want to buy one.
October 31, 2007 at 8:22 PM #94056Participant“Buddy… i AM the pent-up demand, and I’m not moving until the supply of available homes is so great, the sellers have no choice but to bring their values back into line and admit their greed was a dumb decision…”
Yes, precisely. Cash, time and no debt. That is what home sellers should fear the most right now. I don’t have to buy a house until I want to buy one.
October 31, 2007 at 8:23 PM #94054Arraya
Participant“I believe rents are headed down as these vacant units find there way onto the rental markets of America”
Well it’s not happening soon enough. My lease is up in December and rents are much higher this year than last, like 10%+. I’ve also noticed many of the places for rent have been for sale over the past 12 months. A lot of distress out there and it’s trickling down to me.
October 31, 2007 at 8:23 PM #94062Participant“I believe rents are headed down as these vacant units find there way onto the rental markets of America”
Well it’s not happening soon enough. My lease is up in December and rents are much higher this year than last, like 10%+. I’ve also noticed many of the places for rent have been for sale over the past 12 months. A lot of distress out there and it’s trickling down to me.
October 31, 2007 at 8:23 PM #94017Participant“I believe rents are headed down as these vacant units find there way onto the rental markets of America”
Well it’s not happening soon enough. My lease is up in December and rents are much higher this year than last, like 10%+. I’ve also noticed many of the places for rent have been for sale over the past 12 months. A lot of distress out there and it’s trickling down to me.
October 31, 2007 at 8:33 PM #94068patientrenter
ParticipantDoes anyone here know if an increase in rents would go straight through to the CPI? (I.e. does the CPI imputed rent for homes reflect real rental rates?)
Patient renter in OC
October 31, 2007 at 8:33 PM #94060ParticipantDoes anyone here know if an increase in rents would go straight through to the CPI? (I.e. does the CPI imputed rent for homes reflect real rental rates?)
Patient renter in OC
October 31, 2007 at 8:33 PM #94023ParticipantDoes anyone here know if an increase in rents would go straight through to the CPI? (I.e. does the CPI imputed rent for homes reflect real rental rates?)
Patient renter in OC
October 31, 2007 at 9:01 PM #94063stansd
ParticipantTwo thoughts:
1. The question of whether all the vacant homes is an isssue depends on how many of these there normally are. There are definitely a lot of vacation homes out there-a high absolute vacant number here doesn’t necessarily mean squat. I’ve also seen other sites disputing the 13M number.
2. On imputed rents, I’m not sure I understand the question, but if home rents go up, yes this will filter through to the CPI. Of course, that’s until they change the index they are following to exclude the volatile energy, food, and imputed rent categories.
Stan
October 31, 2007 at 9:01 PM #94025ParticipantTwo thoughts:
1. The question of whether all the vacant homes is an isssue depends on how many of these there normally are. There are definitely a lot of vacation homes out there-a high absolute vacant number here doesn’t necessarily mean squat. I’ve also seen other sites disputing the 13M number.
2. On imputed rents, I’m not sure I understand the question, but if home rents go up, yes this will filter through to the CPI. Of course, that’s until they change the index they are following to exclude the volatile energy, food, and imputed rent categories.
Stan
October 31, 2007 at 9:01 PM #94071ParticipantTwo thoughts:
1. The question of whether all the vacant homes is an isssue depends on how many of these there normally are. There are definitely a lot of vacation homes out there-a high absolute vacant number here doesn’t necessarily mean squat. I’ve also seen other sites disputing the 13M number.
2. On imputed rents, I’m not sure I understand the question, but if home rents go up, yes this will filter through to the CPI. Of course, that’s until they change the index they are following to exclude the volatile energy, food, and imputed rent categories.
Stan
October 31, 2007 at 10:17 PM #94055rankandfile
ParticipantNow I know why:
1) Both political parties want illegal immigration from Mexico – no other nationality is procreating fast enough to provide enough consumers to help buoy the lagging housing demand and failing social security fund.
2) The Fed talks a tough game about wanting to protect inflation but doesn’t give a frog’s fat @ss about it. The truth is the Fed is only concerned with short-term appeasement of politicians, high rollers and players in the financial and energy markets, and the sheeple who are stupid enough to believe that they are trying to actually help us. Amero, here we come!!!
The Fed is fully aware that all of the smoke and mirrors of the past 10 years was due to housing speculation. Why shut off the smoke machine now?
Vote Ron Paul 2008
October 31, 2007 at 10:17 PM #94093ParticipantNow I know why:
1) Both political parties want illegal immigration from Mexico – no other nationality is procreating fast enough to provide enough consumers to help buoy the lagging housing demand and failing social security fund.
2) The Fed talks a tough game about wanting to protect inflation but doesn’t give a frog’s fat @ss about it. The truth is the Fed is only concerned with short-term appeasement of politicians, high rollers and players in the financial and energy markets, and the sheeple who are stupid enough to believe that they are trying to actually help us. Amero, here we come!!!
The Fed is fully aware that all of the smoke and mirrors of the past 10 years was due to housing speculation. Why shut off the smoke machine now?
Vote Ron Paul 2008
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