Has the tone shifted? Piggs are buying?

[macmichael]

Re: interest rates

For those who didn’t live thru it, remember late 70’s and most of 80’s 8.5% would have been a screaming bargain.

Personally started building a house in 81 using all cash and when we ran out of cash finally got a mortgage at 16.75% so it could get finished. All the time savings and loan keep saying wait wait rates have to go down, but the just kep going up.

With the FED and politicians trying to bail out, give to, finance, stimulate, etc. everything in sight there is only one way rates are going to go. Let me let you guess which way. So as per others comments inflation, interest rates and down payments will be significantly more important in the future and must be factored in.

[NotCranky]

Speaking of uber bears to be fair most of the uber bears have not been hostile. Also the degree of bearishness between the ubers and the average regular hasn’t really been much IMO.

Some people are just buying and some people are working it. There is more room to work it,interest rates are good, so some people like Waiting Hawk and detourbeach have relatively inspiring stories. Raptorduck carries a certain influence as a rich dude and very respectable individual. I wouldn’t be surprised if his purchase had a part in this change of tone, a bit if not temporarily. Some fence jumpers are jumping off and they seem happy about it. They have their reasons and good for them.

The market is in a pretty precarious place still generally, as is easily observable thanks to Rich. Some of the best caluclated risks are going to pan out and many others buying from here on out are probably not going to have major regrets.Lots of rude awakenings still to come…I won’t be surprised if both fantasy and reality foster a return to a more “doom and gloom” tone here again.

I can see in a few posts people are discussing a few topics differently than they used to…interest rate effects on prices and inflation primarily…influential people.

[NotCranky]

Speaking of uber bears to be fair most of the uber bears have not been hostile. Also the degree of bearishness between the ubers and the average regular hasn’t really been much IMO.

Some people are just buying and some people are working it. There is more room to work it,interest rates are good, so some people like Waiting Hawk and detourbeach have relatively inspiring stories. Raptorduck carries a certain influence as a rich dude and very respectable individual. I wouldn’t be surprised if his purchase had a part in this change of tone, a bit if not temporarily. Some fence jumpers are jumping off and they seem happy about it. They have their reasons and good for them.

The market is in a pretty precarious place still generally, as is easily observable thanks to Rich. Some of the best caluclated risks are going to pan out and many others buying from here on out are probably not going to have major regrets.Lots of rude awakenings still to come…I won’t be surprised if both fantasy and reality foster a return to a more “doom and gloom” tone here again.

I can see in a few posts people are discussing a few topics differently than they used to…interest rate effects on prices and inflation primarily…influential people.

[NotCranky]

Speaking of uber bears to be fair most of the uber bears have not been hostile. Also the degree of bearishness between the ubers and the average regular hasn’t really been much IMO.

Some people are just buying and some people are working it. There is more room to work it,interest rates are good, so some people like Waiting Hawk and detourbeach have relatively inspiring stories. Raptorduck carries a certain influence as a rich dude and very respectable individual. I wouldn’t be surprised if his purchase had a part in this change of tone, a bit if not temporarily. Some fence jumpers are jumping off and they seem happy about it. They have their reasons and good for them.

The market is in a pretty precarious place still generally, as is easily observable thanks to Rich. Some of the best caluclated risks are going to pan out and many others buying from here on out are probably not going to have major regrets.Lots of rude awakenings still to come…I won’t be surprised if both fantasy and reality foster a return to a more “doom and gloom” tone here again.

I can see in a few posts people are discussing a few topics differently than they used to…interest rate effects on prices and inflation primarily…influential people.

[NotCranky]

Speaking of uber bears to be fair most of the uber bears have not been hostile. Also the degree of bearishness between the ubers and the average regular hasn’t really been much IMO.

Some people are just buying and some people are working it. There is more room to work it,interest rates are good, so some people like Waiting Hawk and detourbeach have relatively inspiring stories. Raptorduck carries a certain influence as a rich dude and very respectable individual. I wouldn’t be surprised if his purchase had a part in this change of tone, a bit if not temporarily. Some fence jumpers are jumping off and they seem happy about it. They have their reasons and good for them.

The market is in a pretty precarious place still generally, as is easily observable thanks to Rich. Some of the best caluclated risks are going to pan out and many others buying from here on out are probably not going to have major regrets.Lots of rude awakenings still to come…I won’t be surprised if both fantasy and reality foster a return to a more “doom and gloom” tone here again.

I can see in a few posts people are discussing a few topics differently than they used to…interest rate effects on prices and inflation primarily…influential people.

[NotCranky]

Speaking of uber bears to be fair most of the uber bears have not been hostile. Also the degree of bearishness between the ubers and the average regular hasn’t really been much IMO.

Some people are just buying and some people are working it. There is more room to work it,interest rates are good, so some people like Waiting Hawk and detourbeach have relatively inspiring stories. Raptorduck carries a certain influence as a rich dude and very respectable individual. I wouldn’t be surprised if his purchase had a part in this change of tone, a bit if not temporarily. Some fence jumpers are jumping off and they seem happy about it. They have their reasons and good for them.

The market is in a pretty precarious place still generally, as is easily observable thanks to Rich. Some of the best caluclated risks are going to pan out and many others buying from here on out are probably not going to have major regrets.Lots of rude awakenings still to come…I won’t be surprised if both fantasy and reality foster a return to a more “doom and gloom” tone here again.

I can see in a few posts people are discussing a few topics differently than they used to…interest rate effects on prices and inflation primarily…influential people.

[capeman]

The bottom comes not long after the media/NAR/people stop making bottom calls. It'll work the same as the stock market bottom calls did back in '01-03. I don't expect it for a while.

Mixxalot

Of course if the FED raises interest rates, it may be even longer unless price drops a lot.

First realize that the FED does not set true interest rates and they especially do not set mortgage rates. Watch the ^TNX 10 Year treasury for trends in mortgage rates and especially look at the trend in the last week and a half. That is likely where the rates are heading and they are heading there fast!

[capeman]

The bottom comes not long after the media/NAR/people stop making bottom calls. It'll work the same as the stock market bottom calls did back in '01-03. I don't expect it for a while.

Mixxalot

Of course if the FED raises interest rates, it may be even longer unless price drops a lot.

First realize that the FED does not set true interest rates and they especially do not set mortgage rates. Watch the ^TNX 10 Year treasury for trends in mortgage rates and especially look at the trend in the last week and a half. That is likely where the rates are heading and they are heading there fast!

[capeman]

The bottom comes not long after the media/NAR/people stop making bottom calls. It'll work the same as the stock market bottom calls did back in '01-03. I don't expect it for a while.

Mixxalot

Of course if the FED raises interest rates, it may be even longer unless price drops a lot.

First realize that the FED does not set true interest rates and they especially do not set mortgage rates. Watch the ^TNX 10 Year treasury for trends in mortgage rates and especially look at the trend in the last week and a half. That is likely where the rates are heading and they are heading there fast!

[capeman]

The bottom comes not long after the media/NAR/people stop making bottom calls. It'll work the same as the stock market bottom calls did back in '01-03. I don't expect it for a while.

Mixxalot

Of course if the FED raises interest rates, it may be even longer unless price drops a lot.

First realize that the FED does not set true interest rates and they especially do not set mortgage rates. Watch the ^TNX 10 Year treasury for trends in mortgage rates and especially look at the trend in the last week and a half. That is likely where the rates are heading and they are heading there fast!

[capeman]

The bottom comes not long after the media/NAR/people stop making bottom calls. It'll work the same as the stock market bottom calls did back in '01-03. I don't expect it for a while.

Mixxalot

Of course if the FED raises interest rates, it may be even longer unless price drops a lot.

First realize that the FED does not set true interest rates and they especially do not set mortgage rates. Watch the ^TNX 10 Year treasury for trends in mortgage rates and especially look at the trend in the last week and a half. That is likely where the rates are heading and they are heading there fast!

[NotCranky]

I would look at the five year chart. The last week or two isn’t indicative of much IMO.

http://finance.yahoo.com/echarts?s=%5ETNX#symbol=%5ETNX;range=1d

[NotCranky]

I would look at the five year chart. The last week or two isn’t indicative of much IMO.

http://finance.yahoo.com/echarts?s=%5ETNX#symbol=%5ETNX;range=1d

[NotCranky]

I would look at the five year chart. The last week or two isn’t indicative of much IMO.

http://finance.yahoo.com/echarts?s=%5ETNX#symbol=%5ETNX;range=1d

[NotCranky]

I would look at the five year chart. The last week or two isn’t indicative of much IMO.

http://finance.yahoo.com/echarts?s=%5ETNX#symbol=%5ETNX;range=1d

[Author]

Posts