Buy now – the bidding war will drive prices up

[SHILOH]

THere are a lot of overbuilt areas (too much inventory), loss of jobs, tightening credit. Unless it’s one single home in a superb location that everyone wants…I can’t understand how there would be a bidding war –just because 30 year fixed rates are attractive.
WIth the current “implosion” of the financial industry I am wondering what will happen in the coming waves of reset.
It seems the only direction prices can go is down. It took Japan about 16 years to recover from their bubble.

[Ex-SD]

SHILOH: You and I of the same mindset. Especially when you said: “It took Japan about 16 years to recover from their bubble.”
I think it will take at least 16-20+ years to recover from this bubble. There are simply too many factors that will inhibit the return to “The Good Ole Days” in the housing industry in the bubble markets. There are lots of markets that will probably chug right along in many parts of the country where houses are appropriately priced to the incomes of the buyers. You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again.

[Ex-SD]

SHILOH: You and I of the same mindset. Especially when you said: “It took Japan about 16 years to recover from their bubble.”
I think it will take at least 16-20+ years to recover from this bubble. There are simply too many factors that will inhibit the return to “The Good Ole Days” in the housing industry in the bubble markets. There are lots of markets that will probably chug right along in many parts of the country where houses are appropriately priced to the incomes of the buyers. You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again.

[Ex-SD]

SHILOH: You and I of the same mindset. Especially when you said: “It took Japan about 16 years to recover from their bubble.”
I think it will take at least 16-20+ years to recover from this bubble. There are simply too many factors that will inhibit the return to “The Good Ole Days” in the housing industry in the bubble markets. There are lots of markets that will probably chug right along in many parts of the country where houses are appropriately priced to the incomes of the buyers. You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again.

[Ex-SD]

SHILOH: You and I of the same mindset. Especially when you said: “It took Japan about 16 years to recover from their bubble.”
I think it will take at least 16-20+ years to recover from this bubble. There are simply too many factors that will inhibit the return to “The Good Ole Days” in the housing industry in the bubble markets. There are lots of markets that will probably chug right along in many parts of the country where houses are appropriately priced to the incomes of the buyers. You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again.

[Ex-SD]

SHILOH: You and I of the same mindset. Especially when you said: “It took Japan about 16 years to recover from their bubble.”
I think it will take at least 16-20+ years to recover from this bubble. There are simply too many factors that will inhibit the return to “The Good Ole Days” in the housing industry in the bubble markets. There are lots of markets that will probably chug right along in many parts of the country where houses are appropriately priced to the incomes of the buyers. You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again.

[Aecetia]

This reminds me of the e-mail proposals I get supposedly from banks in Nigeria, etc. that want me to help them with huge amounts of money. I think the realtor has the same amount of credibility and the same ethics.

[Aecetia]

This reminds me of the e-mail proposals I get supposedly from banks in Nigeria, etc. that want me to help them with huge amounts of money. I think the realtor has the same amount of credibility and the same ethics.

[Aecetia]

This reminds me of the e-mail proposals I get supposedly from banks in Nigeria, etc. that want me to help them with huge amounts of money. I think the realtor has the same amount of credibility and the same ethics.

[Aecetia]

This reminds me of the e-mail proposals I get supposedly from banks in Nigeria, etc. that want me to help them with huge amounts of money. I think the realtor has the same amount of credibility and the same ethics.

[Aecetia]

This reminds me of the e-mail proposals I get supposedly from banks in Nigeria, etc. that want me to help them with huge amounts of money. I think the realtor has the same amount of credibility and the same ethics.

[SHILOH]

“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)

I can only hope.

If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.

I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.

But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.

[SHILOH]

“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)

I can only hope.

If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.

I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.

But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.

[SHILOH]

“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)

I can only hope.

If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.

I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.

But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.

[SHILOH]

“..You can rest assured that there will be a bunch of new regulations concerning buyer qualification, appraisals, etc. that will prevent this foolishness from happening again…” (EX-SD)

I can only hope.

If the dollar is being dumped and not accepted overseas — all I can think is Americans have really lost sight. Squandered our position as the richest nation. So much waste and consumption.

I feel very sad for the WW2 generation and disgusted with the boomers (greed) and even more disgusted w/ the thirty to twenty-something (entitlement) life-styles of the rich and famous group. I am basing this sour opinion on what I have observed and read. I am right in the midst of it but I don’t ascribe to it. Unfortunately for me, prudence may not pay off when the the regs become tighter.

But one thing is clear, capitalism (aka free market) requires A LOT of regulation since people cannot be counted on to act responsibly or do the right thing.

[Author]

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