- This topic has 180 replies, 15 voices, and was last updated 16 years, 4 months ago by
robson.
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February 4, 2008 at 8:57 PM #148489February 5, 2008 at 9:47 AM #148271
Navydoc
Participant“My realtor – a reasonable person – thinks by summer prices stabilize.”
I would only agree with this if they stabilize 35-40% lower than they are now. Affordability in an era without ludicrous financing keeps rearing its ugly head. There simply is no way prices are going to fall this quickly.
By the way, this is the best thread this forum has had for about a month now. Nice to see discussions like this again.
OT: Did you guys know that if you use Mozilla Firefox as your browser it gives you a spell-check on this forum? Awesome!
February 5, 2008 at 9:47 AM #148521Participant“My realtor – a reasonable person – thinks by summer prices stabilize.”
I would only agree with this if they stabilize 35-40% lower than they are now. Affordability in an era without ludicrous financing keeps rearing its ugly head. There simply is no way prices are going to fall this quickly.
By the way, this is the best thread this forum has had for about a month now. Nice to see discussions like this again.
OT: Did you guys know that if you use Mozilla Firefox as your browser it gives you a spell-check on this forum? Awesome!
February 5, 2008 at 9:47 AM #148539Participant“My realtor – a reasonable person – thinks by summer prices stabilize.”
I would only agree with this if they stabilize 35-40% lower than they are now. Affordability in an era without ludicrous financing keeps rearing its ugly head. There simply is no way prices are going to fall this quickly.
By the way, this is the best thread this forum has had for about a month now. Nice to see discussions like this again.
OT: Did you guys know that if you use Mozilla Firefox as your browser it gives you a spell-check on this forum? Awesome!
February 5, 2008 at 9:47 AM #148552Participant“My realtor – a reasonable person – thinks by summer prices stabilize.”
I would only agree with this if they stabilize 35-40% lower than they are now. Affordability in an era without ludicrous financing keeps rearing its ugly head. There simply is no way prices are going to fall this quickly.
By the way, this is the best thread this forum has had for about a month now. Nice to see discussions like this again.
OT: Did you guys know that if you use Mozilla Firefox as your browser it gives you a spell-check on this forum? Awesome!
February 5, 2008 at 9:47 AM #148620Participant“My realtor – a reasonable person – thinks by summer prices stabilize.”
I would only agree with this if they stabilize 35-40% lower than they are now. Affordability in an era without ludicrous financing keeps rearing its ugly head. There simply is no way prices are going to fall this quickly.
By the way, this is the best thread this forum has had for about a month now. Nice to see discussions like this again.
OT: Did you guys know that if you use Mozilla Firefox as your browser it gives you a spell-check on this forum? Awesome!
February 5, 2008 at 11:32 AM #148340robson
ParticipantSpell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.February 5, 2008 at 11:32 AM #148591ParticipantSpell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.February 5, 2008 at 11:32 AM #148608ParticipantSpell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.February 5, 2008 at 11:32 AM #148622ParticipantSpell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.February 5, 2008 at 11:32 AM #148690ParticipantSpell-check is always a plus, as is Firefox 🙂
Couple things-
Not sure how accurate the data is, as it is extremely old. I would have to guess it’s probably good to within at least +/- 10% though and that’s enough to get a feel for long term trends. Anyone read Irrational Exuberance? I’m planning on it.
As far as the inflation since 1990 goes, I don’t doubt that could play a role. However, 95% of people probably trust the inflation data/aren’t aware of any change in methodology, and this is the graph/data that will continue to show up in the MSM. I think the larger significance is that data/articles of this nature are now showing up regularly in newsweek and yahoo finance. If the general perception changes from “real estate always rises” to “It takes 95 years for real estate to rise,” then housing will have a problem worse than a credit crunch. It is 1 thing for no one to be able to buy a house. It is another for no one to want to buy a house.
I mean no offense and am sure he/she is a good person, but any reasonable realtor also thinks that making a living is a good thing, and it is likely their opinion reflects this.February 5, 2008 at 12:23 PM #148388jpinpb
ParticipantEven if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.
February 5, 2008 at 12:23 PM #148641ParticipantEven if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.
February 5, 2008 at 12:23 PM #148659ParticipantEven if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.
February 5, 2008 at 12:23 PM #148671ParticipantEven if property value does not increase for 95 years, some people will buy a home not for investment purposes, but for tax purposes. Others will pass it on to their kids, grandkids. Some people don’t like to rent and want to do whatever they want in their own home w/no restrictions. There will still be buyers who are not necessarily investors.
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