anyone even slightley bullish about RE market?

[(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.

[JWM in SD]

esmith,

You should be scared…very scared indeed if you really understood how little time there is before it all implodes.

Three Words: Bond Market Dislocation.

Don’t let anyone tell you that it can’t happen.

Watch what China says and does.

[JWM in SD]

esmith,

You should be scared…very scared indeed if you really understood how little time there is before it all implodes.

Three Words: Bond Market Dislocation.

Don’t let anyone tell you that it can’t happen.

Watch what China says and does.

[JWM in SD]

esmith,

You should be scared…very scared indeed if you really understood how little time there is before it all implodes.

Three Words: Bond Market Dislocation.

Don’t let anyone tell you that it can’t happen.

Watch what China says and does.

[JWM in SD]

esmith,

You should be scared…very scared indeed if you really understood how little time there is before it all implodes.

Three Words: Bond Market Dislocation.

Don’t let anyone tell you that it can’t happen.

Watch what China says and does.

[JWM in SD]

esmith,

You should be scared…very scared indeed if you really understood how little time there is before it all implodes.

Three Words: Bond Market Dislocation.

Don’t let anyone tell you that it can’t happen.

Watch what China says and does.

[peterb]

This is the first year of a global economic contraction. The debt bubble that’s deflating right now has caused prices to be driven down harder than almost any other time in history. Anyone who thinks this thing is near over, had better study the facts and history a little harder. $30T lost in the equity markets and $3T lost in real estate in the last year. A few trillion by the govt will barely put a dent in this problem. Spending without regard for market driven productivity got us here, more of it will not solve the problem.

[peterb]

This is the first year of a global economic contraction. The debt bubble that’s deflating right now has caused prices to be driven down harder than almost any other time in history. Anyone who thinks this thing is near over, had better study the facts and history a little harder. $30T lost in the equity markets and $3T lost in real estate in the last year. A few trillion by the govt will barely put a dent in this problem. Spending without regard for market driven productivity got us here, more of it will not solve the problem.

[peterb]

This is the first year of a global economic contraction. The debt bubble that’s deflating right now has caused prices to be driven down harder than almost any other time in history. Anyone who thinks this thing is near over, had better study the facts and history a little harder. $30T lost in the equity markets and $3T lost in real estate in the last year. A few trillion by the govt will barely put a dent in this problem. Spending without regard for market driven productivity got us here, more of it will not solve the problem.

[peterb]

This is the first year of a global economic contraction. The debt bubble that’s deflating right now has caused prices to be driven down harder than almost any other time in history. Anyone who thinks this thing is near over, had better study the facts and history a little harder. $30T lost in the equity markets and $3T lost in real estate in the last year. A few trillion by the govt will barely put a dent in this problem. Spending without regard for market driven productivity got us here, more of it will not solve the problem.

[peterb]

This is the first year of a global economic contraction. The debt bubble that’s deflating right now has caused prices to be driven down harder than almost any other time in history. Anyone who thinks this thing is near over, had better study the facts and history a little harder. $30T lost in the equity markets and $3T lost in real estate in the last year. A few trillion by the govt will barely put a dent in this problem. Spending without regard for market driven productivity got us here, more of it will not solve the problem.

[Eugene]

Sure. We could have a bond market dislocation. China could declare a war on us and drop a nuke on San Diego. We could be invaded by aliens.

I think I’ll go stock up on canned goods and gasoline.

[Eugene]

Sure. We could have a bond market dislocation. China could declare a war on us and drop a nuke on San Diego. We could be invaded by aliens.

I think I’ll go stock up on canned goods and gasoline.

[Eugene]

Sure. We could have a bond market dislocation. China could declare a war on us and drop a nuke on San Diego. We could be invaded by aliens.

I think I’ll go stock up on canned goods and gasoline.

[Eugene]

Sure. We could have a bond market dislocation. China could declare a war on us and drop a nuke on San Diego. We could be invaded by aliens.

I think I’ll go stock up on canned goods and gasoline.

[Author]

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