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February 7, 2008 at 12:43 PM #149698February 7, 2008 at 12:59 PM #149352
drunkle
Participantmiddle to end of 2009. figure, the impacts of the job losses and slow economy now will be felt in the rental market a year from now; the newly unemployed will hang on, try to find a new job, take a pay cut, whatever and float for 3 to 6 months. after that, more foreclosures and increased vacancies. land lords will hold out on their asking rent for at least that long if not a full year. as rentals go down, the rent vs own equation changes driving sales volume and price down even further.
February 7, 2008 at 12:59 PM #149607Participantmiddle to end of 2009. figure, the impacts of the job losses and slow economy now will be felt in the rental market a year from now; the newly unemployed will hang on, try to find a new job, take a pay cut, whatever and float for 3 to 6 months. after that, more foreclosures and increased vacancies. land lords will hold out on their asking rent for at least that long if not a full year. as rentals go down, the rent vs own equation changes driving sales volume and price down even further.
February 7, 2008 at 12:59 PM #149621Participantmiddle to end of 2009. figure, the impacts of the job losses and slow economy now will be felt in the rental market a year from now; the newly unemployed will hang on, try to find a new job, take a pay cut, whatever and float for 3 to 6 months. after that, more foreclosures and increased vacancies. land lords will hold out on their asking rent for at least that long if not a full year. as rentals go down, the rent vs own equation changes driving sales volume and price down even further.
February 7, 2008 at 12:59 PM #149635Participantmiddle to end of 2009. figure, the impacts of the job losses and slow economy now will be felt in the rental market a year from now; the newly unemployed will hang on, try to find a new job, take a pay cut, whatever and float for 3 to 6 months. after that, more foreclosures and increased vacancies. land lords will hold out on their asking rent for at least that long if not a full year. as rentals go down, the rent vs own equation changes driving sales volume and price down even further.
February 7, 2008 at 12:59 PM #149708Participantmiddle to end of 2009. figure, the impacts of the job losses and slow economy now will be felt in the rental market a year from now; the newly unemployed will hang on, try to find a new job, take a pay cut, whatever and float for 3 to 6 months. after that, more foreclosures and increased vacancies. land lords will hold out on their asking rent for at least that long if not a full year. as rentals go down, the rent vs own equation changes driving sales volume and price down even further.
February 7, 2008 at 2:15 PM #149372SHILOH
Participantwith the next spike in resets coming in 2011
After this coming 2008 reset, since we are entering a credit/housing bust-driven recession…
could those scheduled 2011 resets also end up in forclosure before that? If we continue to lose inflated payscale jobs… If this market begins to recover around 2009 —how many more ARM forclosures will be dumped into the market…Last night the local Boston TV news did a somewhat balanced short piece on the glut of inventory “out there” in Boston metro — staying on the market for extended time…but a “great time to buy” if you don’t have a house to sell..and even better by this Spring, if you are a “qualified” buyer.
The above inferences combined with the baby boomers retiring over the next decade (as has been noted by astute observers) would seem to indicate a drop in either demand or ability to buy.
Who is going to buy all that inventory.
February 7, 2008 at 2:15 PM #149625Participantwith the next spike in resets coming in 2011
After this coming 2008 reset, since we are entering a credit/housing bust-driven recession…
could those scheduled 2011 resets also end up in forclosure before that? If we continue to lose inflated payscale jobs… If this market begins to recover around 2009 —how many more ARM forclosures will be dumped into the market…Last night the local Boston TV news did a somewhat balanced short piece on the glut of inventory “out there” in Boston metro — staying on the market for extended time…but a “great time to buy” if you don’t have a house to sell..and even better by this Spring, if you are a “qualified” buyer.
The above inferences combined with the baby boomers retiring over the next decade (as has been noted by astute observers) would seem to indicate a drop in either demand or ability to buy.
Who is going to buy all that inventory.
February 7, 2008 at 2:15 PM #149640Participantwith the next spike in resets coming in 2011
After this coming 2008 reset, since we are entering a credit/housing bust-driven recession…
could those scheduled 2011 resets also end up in forclosure before that? If we continue to lose inflated payscale jobs… If this market begins to recover around 2009 —how many more ARM forclosures will be dumped into the market…Last night the local Boston TV news did a somewhat balanced short piece on the glut of inventory “out there” in Boston metro — staying on the market for extended time…but a “great time to buy” if you don’t have a house to sell..and even better by this Spring, if you are a “qualified” buyer.
The above inferences combined with the baby boomers retiring over the next decade (as has been noted by astute observers) would seem to indicate a drop in either demand or ability to buy.
Who is going to buy all that inventory.
February 7, 2008 at 2:15 PM #149659Participantwith the next spike in resets coming in 2011
After this coming 2008 reset, since we are entering a credit/housing bust-driven recession…
could those scheduled 2011 resets also end up in forclosure before that? If we continue to lose inflated payscale jobs… If this market begins to recover around 2009 —how many more ARM forclosures will be dumped into the market…Last night the local Boston TV news did a somewhat balanced short piece on the glut of inventory “out there” in Boston metro — staying on the market for extended time…but a “great time to buy” if you don’t have a house to sell..and even better by this Spring, if you are a “qualified” buyer.
The above inferences combined with the baby boomers retiring over the next decade (as has been noted by astute observers) would seem to indicate a drop in either demand or ability to buy.
Who is going to buy all that inventory.
February 7, 2008 at 2:15 PM #149727Participantwith the next spike in resets coming in 2011
After this coming 2008 reset, since we are entering a credit/housing bust-driven recession…
could those scheduled 2011 resets also end up in forclosure before that? If we continue to lose inflated payscale jobs… If this market begins to recover around 2009 —how many more ARM forclosures will be dumped into the market…Last night the local Boston TV news did a somewhat balanced short piece on the glut of inventory “out there” in Boston metro — staying on the market for extended time…but a “great time to buy” if you don’t have a house to sell..and even better by this Spring, if you are a “qualified” buyer.
The above inferences combined with the baby boomers retiring over the next decade (as has been noted by astute observers) would seem to indicate a drop in either demand or ability to buy.
Who is going to buy all that inventory.
February 7, 2008 at 2:19 PM #149381nostradamus
ParticipantI tend to think that with the current housing situation, many of the people struggling with option-arm loans won’t make it to 2011. If they do manage to squeak by, the 2011 arm reset will knock ’em over. This is barring any kind of government intervention.
February 7, 2008 at 2:19 PM #149638ParticipantI tend to think that with the current housing situation, many of the people struggling with option-arm loans won’t make it to 2011. If they do manage to squeak by, the 2011 arm reset will knock ’em over. This is barring any kind of government intervention.
February 7, 2008 at 2:19 PM #149652ParticipantI tend to think that with the current housing situation, many of the people struggling with option-arm loans won’t make it to 2011. If they do manage to squeak by, the 2011 arm reset will knock ’em over. This is barring any kind of government intervention.
February 7, 2008 at 2:19 PM #149667ParticipantI tend to think that with the current housing situation, many of the people struggling with option-arm loans won’t make it to 2011. If they do manage to squeak by, the 2011 arm reset will knock ’em over. This is barring any kind of government intervention.
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