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April 5, 2010 at 7:22 PM #536759April 6, 2010 at 1:50 AM #535981CA renterParticipant
Yes, SDR, I believe you are absolutely right.
I’ve posted lately about my observation that 2009 was very much like 2004, right before the inventory began to explode. There has been so much speculative activity (IMHO, about 30-40% of the activity in 2009 was speculative, including MLS and non-MLS transactions), and this never leads to good things.
One of the other posters and I were discussing what feels like a possible slowdown in the past couple of months — very subtle, so far. A bit like the calm before the storm. Everybody seems to think *something* is about to happen, but nobody really knows what that something will be.
Personally, we are still sitting tight and staying in cash. I would NOT be flipping right now, BTW.
April 6, 2010 at 1:50 AM #536108CA renterParticipantYes, SDR, I believe you are absolutely right.
I’ve posted lately about my observation that 2009 was very much like 2004, right before the inventory began to explode. There has been so much speculative activity (IMHO, about 30-40% of the activity in 2009 was speculative, including MLS and non-MLS transactions), and this never leads to good things.
One of the other posters and I were discussing what feels like a possible slowdown in the past couple of months — very subtle, so far. A bit like the calm before the storm. Everybody seems to think *something* is about to happen, but nobody really knows what that something will be.
Personally, we are still sitting tight and staying in cash. I would NOT be flipping right now, BTW.
April 6, 2010 at 1:50 AM #536564CA renterParticipantYes, SDR, I believe you are absolutely right.
I’ve posted lately about my observation that 2009 was very much like 2004, right before the inventory began to explode. There has been so much speculative activity (IMHO, about 30-40% of the activity in 2009 was speculative, including MLS and non-MLS transactions), and this never leads to good things.
One of the other posters and I were discussing what feels like a possible slowdown in the past couple of months — very subtle, so far. A bit like the calm before the storm. Everybody seems to think *something* is about to happen, but nobody really knows what that something will be.
Personally, we are still sitting tight and staying in cash. I would NOT be flipping right now, BTW.
April 6, 2010 at 1:50 AM #536661CA renterParticipantYes, SDR, I believe you are absolutely right.
I’ve posted lately about my observation that 2009 was very much like 2004, right before the inventory began to explode. There has been so much speculative activity (IMHO, about 30-40% of the activity in 2009 was speculative, including MLS and non-MLS transactions), and this never leads to good things.
One of the other posters and I were discussing what feels like a possible slowdown in the past couple of months — very subtle, so far. A bit like the calm before the storm. Everybody seems to think *something* is about to happen, but nobody really knows what that something will be.
Personally, we are still sitting tight and staying in cash. I would NOT be flipping right now, BTW.
April 6, 2010 at 1:50 AM #536924CA renterParticipantYes, SDR, I believe you are absolutely right.
I’ve posted lately about my observation that 2009 was very much like 2004, right before the inventory began to explode. There has been so much speculative activity (IMHO, about 30-40% of the activity in 2009 was speculative, including MLS and non-MLS transactions), and this never leads to good things.
One of the other posters and I were discussing what feels like a possible slowdown in the past couple of months — very subtle, so far. A bit like the calm before the storm. Everybody seems to think *something* is about to happen, but nobody really knows what that something will be.
Personally, we are still sitting tight and staying in cash. I would NOT be flipping right now, BTW.
April 6, 2010 at 7:15 AM #536011mercedes7ParticipantAgreed. There is still too much speculation out there for this to be a true bottom. When the last flipper is burned so bad that they vow to never flip again…when the masses finally acknowledge that 2004-2006 was an “aberration” and not “the new normal”…that is when THE bottom will finally arrive. When this happens is anyone’s guess, but I would venture to say it will probably be closer to 2011-2012.
April 6, 2010 at 7:15 AM #536138mercedes7ParticipantAgreed. There is still too much speculation out there for this to be a true bottom. When the last flipper is burned so bad that they vow to never flip again…when the masses finally acknowledge that 2004-2006 was an “aberration” and not “the new normal”…that is when THE bottom will finally arrive. When this happens is anyone’s guess, but I would venture to say it will probably be closer to 2011-2012.
April 6, 2010 at 7:15 AM #536594mercedes7ParticipantAgreed. There is still too much speculation out there for this to be a true bottom. When the last flipper is burned so bad that they vow to never flip again…when the masses finally acknowledge that 2004-2006 was an “aberration” and not “the new normal”…that is when THE bottom will finally arrive. When this happens is anyone’s guess, but I would venture to say it will probably be closer to 2011-2012.
April 6, 2010 at 7:15 AM #536691mercedes7ParticipantAgreed. There is still too much speculation out there for this to be a true bottom. When the last flipper is burned so bad that they vow to never flip again…when the masses finally acknowledge that 2004-2006 was an “aberration” and not “the new normal”…that is when THE bottom will finally arrive. When this happens is anyone’s guess, but I would venture to say it will probably be closer to 2011-2012.
April 6, 2010 at 7:15 AM #536954mercedes7ParticipantAgreed. There is still too much speculation out there for this to be a true bottom. When the last flipper is burned so bad that they vow to never flip again…when the masses finally acknowledge that 2004-2006 was an “aberration” and not “the new normal”…that is when THE bottom will finally arrive. When this happens is anyone’s guess, but I would venture to say it will probably be closer to 2011-2012.
April 6, 2010 at 9:02 AM #536026sdrealtorParticipantThe flippers doing the vast majority of the transactions have made so much money they cant possibly be burned so bad they wil never flip again. These groups have done hundreds of transactions and made tens of millions in profits. When and if the tide turns they can easily afford to take the loss on their last round and retire very comfortably until they see the chance to play again.
April 6, 2010 at 9:02 AM #536153sdrealtorParticipantThe flippers doing the vast majority of the transactions have made so much money they cant possibly be burned so bad they wil never flip again. These groups have done hundreds of transactions and made tens of millions in profits. When and if the tide turns they can easily afford to take the loss on their last round and retire very comfortably until they see the chance to play again.
April 6, 2010 at 9:02 AM #536609sdrealtorParticipantThe flippers doing the vast majority of the transactions have made so much money they cant possibly be burned so bad they wil never flip again. These groups have done hundreds of transactions and made tens of millions in profits. When and if the tide turns they can easily afford to take the loss on their last round and retire very comfortably until they see the chance to play again.
April 6, 2010 at 9:02 AM #536706sdrealtorParticipantThe flippers doing the vast majority of the transactions have made so much money they cant possibly be burned so bad they wil never flip again. These groups have done hundreds of transactions and made tens of millions in profits. When and if the tide turns they can easily afford to take the loss on their last round and retire very comfortably until they see the chance to play again.
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