anyone even slightley bullish about RE market?

[tc]

David Lereah. Oh wait I guess even he isn’t anymore.

[Eugene]

http://globaleconomicanalysis.blogspot.com/2009/01/three-ideas-that-should-scare-hell-out.html

Mish is scared like hell: Obama went on record saying that he’s interested in Krugman’s ideas, and Krugman has been repeating that the stimulus package as originally advertised is too small and ineffective (too large a part going to tax cuts). Mish is a known advocate of Austrian school – essentially anti-Krugman.

He’s scared, because he’s been hoping for deflation and depression; with Krugman involved in stimulus design, we might avoid both.

[Eugene]

http://globaleconomicanalysis.blogspot.com/2009/01/three-ideas-that-should-scare-hell-out.html

Mish is scared like hell: Obama went on record saying that he’s interested in Krugman’s ideas, and Krugman has been repeating that the stimulus package as originally advertised is too small and ineffective (too large a part going to tax cuts). Mish is a known advocate of Austrian school – essentially anti-Krugman.

He’s scared, because he’s been hoping for deflation and depression; with Krugman involved in stimulus design, we might avoid both.

[Eugene]

http://globaleconomicanalysis.blogspot.com/2009/01/three-ideas-that-should-scare-hell-out.html

Mish is scared like hell: Obama went on record saying that he’s interested in Krugman’s ideas, and Krugman has been repeating that the stimulus package as originally advertised is too small and ineffective (too large a part going to tax cuts). Mish is a known advocate of Austrian school – essentially anti-Krugman.

He’s scared, because he’s been hoping for deflation and depression; with Krugman involved in stimulus design, we might avoid both.

[Eugene]

http://globaleconomicanalysis.blogspot.com/2009/01/three-ideas-that-should-scare-hell-out.html

Mish is scared like hell: Obama went on record saying that he’s interested in Krugman’s ideas, and Krugman has been repeating that the stimulus package as originally advertised is too small and ineffective (too large a part going to tax cuts). Mish is a known advocate of Austrian school – essentially anti-Krugman.

He’s scared, because he’s been hoping for deflation and depression; with Krugman involved in stimulus design, we might avoid both.

[Eugene]

http://globaleconomicanalysis.blogspot.com/2009/01/three-ideas-that-should-scare-hell-out.html

Mish is scared like hell: Obama went on record saying that he’s interested in Krugman’s ideas, and Krugman has been repeating that the stimulus package as originally advertised is too small and ineffective (too large a part going to tax cuts). Mish is a known advocate of Austrian school – essentially anti-Krugman.

He’s scared, because he’s been hoping for deflation and depression; with Krugman involved in stimulus design, we might avoid both.

[AK]

Yeah, it’s ugly at the macro level.

At the micro level, entry-level SFRs in many areas have dropped to the point where buying makes economic sense. I’m very bullish there as the flurry of activity proves that Americans aren’t entirely financially illiterate 🙂

[AK]

Yeah, it’s ugly at the macro level.

At the micro level, entry-level SFRs in many areas have dropped to the point where buying makes economic sense. I’m very bullish there as the flurry of activity proves that Americans aren’t entirely financially illiterate 🙂

[AK]

Yeah, it’s ugly at the macro level.

At the micro level, entry-level SFRs in many areas have dropped to the point where buying makes economic sense. I’m very bullish there as the flurry of activity proves that Americans aren’t entirely financially illiterate 🙂

[AK]

Yeah, it’s ugly at the macro level.

At the micro level, entry-level SFRs in many areas have dropped to the point where buying makes economic sense. I’m very bullish there as the flurry of activity proves that Americans aren’t entirely financially illiterate 🙂

[AK]

Yeah, it’s ugly at the macro level.

At the micro level, entry-level SFRs in many areas have dropped to the point where buying makes economic sense. I’m very bullish there as the flurry of activity proves that Americans aren’t entirely financially illiterate 🙂

[(former)FormerSanDiegan]

I am bullish in the longer-term (5+ years). But not bullish for the next year.

Here’s why:
From an affordability perspective (monthly payment to income ratio), the San Diego market is less expensive today than almost any point in the past 30 years. We are also now below the average price to income over the past 30 years.

I can see prices going lower and perhaps 2-3 years before we experience 2008 prices again to the upside. But long-term trends tend to win out. So, if I had sufficient cash to deploy (which I don’t) I would buy a SFH each year starting this year for the next 5 years. Since I don’t have sufficient cash I will wait for a safer point. Perhaps late 2010, unless I too find myself in line at the local soup kitchen.

[(former)FormerSanDiegan]

I am bullish in the longer-term (5+ years). But not bullish for the next year.

Here’s why:
From an affordability perspective (monthly payment to income ratio), the San Diego market is less expensive today than almost any point in the past 30 years. We are also now below the average price to income over the past 30 years.

I can see prices going lower and perhaps 2-3 years before we experience 2008 prices again to the upside. But long-term trends tend to win out. So, if I had sufficient cash to deploy (which I don’t) I would buy a SFH each year starting this year for the next 5 years. Since I don’t have sufficient cash I will wait for a safer point. Perhaps late 2010, unless I too find myself in line at the local soup kitchen.

[(former)FormerSanDiegan]

I am bullish in the longer-term (5+ years). But not bullish for the next year.

Here’s why:
From an affordability perspective (monthly payment to income ratio), the San Diego market is less expensive today than almost any point in the past 30 years. We are also now below the average price to income over the past 30 years.

I can see prices going lower and perhaps 2-3 years before we experience 2008 prices again to the upside. But long-term trends tend to win out. So, if I had sufficient cash to deploy (which I don’t) I would buy a SFH each year starting this year for the next 5 years. Since I don’t have sufficient cash I will wait for a safer point. Perhaps late 2010, unless I too find myself in line at the local soup kitchen.

[(former)FormerSanDiegan]

I am bullish in the longer-term (5+ years). But not bullish for the next year.

Here’s why:
From an affordability perspective (monthly payment to income ratio), the San Diego market is less expensive today than almost any point in the past 30 years. We are also now below the average price to income over the past 30 years.

I can see prices going lower and perhaps 2-3 years before we experience 2008 prices again to the upside. But long-term trends tend to win out. So, if I had sufficient cash to deploy (which I don’t) I would buy a SFH each year starting this year for the next 5 years. Since I don’t have sufficient cash I will wait for a safer point. Perhaps late 2010, unless I too find myself in line at the local soup kitchen.

[Author]

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