Case of Case Shiller calls the bottom

[Multiplepropertyowner]

Well, it seems that the piggs are starting to squirm a bit with all the recent activity in the market. There sure have been a lot of post about where to buy recently and “worrying interest rates”. The dude with a $100,000,000 to spend who has basically never been to San Diego was my favorite. The thing I noticed about that thread was how the tone has changed from you are a lunatic for considering to buy now, to entering into the hunt with him. Now the guru of this site himself Case of Case/Shiller is calling the bottom (see link below). I’m not saying we are near the bottom, but talk around the water cooler is that people are starting to seriously look again. http://www.therealestatebloggers.com/2008/05/09/is-that-bouncing-sound-i-hear-the-bottom-of-the-real-estate-market/
P.S. Save the bouncing cat replies.

[jpinpb]

We discussed this somewhat.

http://piggington.com/case_saying_bottom

I am surprised Case would say this considering the amount of inventory still out there.

[jpinpb]

We discussed this somewhat.

http://piggington.com/case_saying_bottom

I am surprised Case would say this considering the amount of inventory still out there.

[jpinpb]

We discussed this somewhat.

http://piggington.com/case_saying_bottom

I am surprised Case would say this considering the amount of inventory still out there.

[jpinpb]

We discussed this somewhat.

http://piggington.com/case_saying_bottom

I am surprised Case would say this considering the amount of inventory still out there.

[jpinpb]

We discussed this somewhat.

http://piggington.com/case_saying_bottom

I am surprised Case would say this considering the amount of inventory still out there.

[HereWeGo]

Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

[HereWeGo]

Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

[HereWeGo]

Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

[HereWeGo]

Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

[HereWeGo]

Gotta have knife catchers on the way down. There were plenty of folks that bought CFC and BSC on the way down, there will be plenty who buy “investment” properties on the way down as well.

[Daniel]

I’ve said this before, and I’ll probably have to say it many more times this year: “bottom” means different things to different people. I’m willing to bet that the folks on this site concern themselves with the “price bottom”, and couldn’t care less about the bottom in residential investment, new home construction, new home sales, etc. On the other hand, economists take the opposing view: if construction and sales stabilize, that’s what matters most to the economy. Prices sliding a couple more years are not that big of a deal.

So, I think that we’ll hear bottom calls starting this year (2008 is likely to be the worst year for residential investment, and 2009 should be better, imho) all the way to 2010 and beyond, when prices will probably bottom out. As long as we’re talking about different things, we can all be right 🙂

[Daniel]

I’ve said this before, and I’ll probably have to say it many more times this year: “bottom” means different things to different people. I’m willing to bet that the folks on this site concern themselves with the “price bottom”, and couldn’t care less about the bottom in residential investment, new home construction, new home sales, etc. On the other hand, economists take the opposing view: if construction and sales stabilize, that’s what matters most to the economy. Prices sliding a couple more years are not that big of a deal.

So, I think that we’ll hear bottom calls starting this year (2008 is likely to be the worst year for residential investment, and 2009 should be better, imho) all the way to 2010 and beyond, when prices will probably bottom out. As long as we’re talking about different things, we can all be right 🙂

[Daniel]

I’ve said this before, and I’ll probably have to say it many more times this year: “bottom” means different things to different people. I’m willing to bet that the folks on this site concern themselves with the “price bottom”, and couldn’t care less about the bottom in residential investment, new home construction, new home sales, etc. On the other hand, economists take the opposing view: if construction and sales stabilize, that’s what matters most to the economy. Prices sliding a couple more years are not that big of a deal.

So, I think that we’ll hear bottom calls starting this year (2008 is likely to be the worst year for residential investment, and 2009 should be better, imho) all the way to 2010 and beyond, when prices will probably bottom out. As long as we’re talking about different things, we can all be right 🙂

[Daniel]

I’ve said this before, and I’ll probably have to say it many more times this year: “bottom” means different things to different people. I’m willing to bet that the folks on this site concern themselves with the “price bottom”, and couldn’t care less about the bottom in residential investment, new home construction, new home sales, etc. On the other hand, economists take the opposing view: if construction and sales stabilize, that’s what matters most to the economy. Prices sliding a couple more years are not that big of a deal.

So, I think that we’ll hear bottom calls starting this year (2008 is likely to be the worst year for residential investment, and 2009 should be better, imho) all the way to 2010 and beyond, when prices will probably bottom out. As long as we’re talking about different things, we can all be right 🙂

[Author]

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