- This topic has 290 replies, 23 voices, and was last updated 13 years, 8 months ago by
barnaby33.
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August 25, 2010 at 1:48 PM #597267August 25, 2010 at 1:55 PM #596221
Arraya
ParticipantDude, sales just dropped 34% in two months. Willing and able buyers are the only thing they have very little control over. A borrower drought can be just as damaging as any other natural disaster. Of course, I have been saying that demand would eventually falter since fall of 09′, but had no idea it would be this severe. Wile E. coyote just went over the cliff. Better hope Bernake has the ACME trampoline ready.
Rates won’t go up because there is no threat of inflation. Massive shadow is still there, lingering and relevant to the big picture. Though, not necessary for bringing prices down. Inventory is a controlled variable but only to an extent.
Next leg down and DEFLATION — Sure looks like it.
August 25, 2010 at 1:55 PM #596314ParticipantDude, sales just dropped 34% in two months. Willing and able buyers are the only thing they have very little control over. A borrower drought can be just as damaging as any other natural disaster. Of course, I have been saying that demand would eventually falter since fall of 09′, but had no idea it would be this severe. Wile E. coyote just went over the cliff. Better hope Bernake has the ACME trampoline ready.
Rates won’t go up because there is no threat of inflation. Massive shadow is still there, lingering and relevant to the big picture. Though, not necessary for bringing prices down. Inventory is a controlled variable but only to an extent.
Next leg down and DEFLATION — Sure looks like it.
August 25, 2010 at 1:55 PM #596853ParticipantDude, sales just dropped 34% in two months. Willing and able buyers are the only thing they have very little control over. A borrower drought can be just as damaging as any other natural disaster. Of course, I have been saying that demand would eventually falter since fall of 09′, but had no idea it would be this severe. Wile E. coyote just went over the cliff. Better hope Bernake has the ACME trampoline ready.
Rates won’t go up because there is no threat of inflation. Massive shadow is still there, lingering and relevant to the big picture. Though, not necessary for bringing prices down. Inventory is a controlled variable but only to an extent.
Next leg down and DEFLATION — Sure looks like it.
August 25, 2010 at 1:55 PM #596962ParticipantDude, sales just dropped 34% in two months. Willing and able buyers are the only thing they have very little control over. A borrower drought can be just as damaging as any other natural disaster. Of course, I have been saying that demand would eventually falter since fall of 09′, but had no idea it would be this severe. Wile E. coyote just went over the cliff. Better hope Bernake has the ACME trampoline ready.
Rates won’t go up because there is no threat of inflation. Massive shadow is still there, lingering and relevant to the big picture. Though, not necessary for bringing prices down. Inventory is a controlled variable but only to an extent.
Next leg down and DEFLATION — Sure looks like it.
August 25, 2010 at 1:55 PM #597278ParticipantDude, sales just dropped 34% in two months. Willing and able buyers are the only thing they have very little control over. A borrower drought can be just as damaging as any other natural disaster. Of course, I have been saying that demand would eventually falter since fall of 09′, but had no idea it would be this severe. Wile E. coyote just went over the cliff. Better hope Bernake has the ACME trampoline ready.
Rates won’t go up because there is no threat of inflation. Massive shadow is still there, lingering and relevant to the big picture. Though, not necessary for bringing prices down. Inventory is a controlled variable but only to an extent.
Next leg down and DEFLATION — Sure looks like it.
August 25, 2010 at 2:04 PM #596231Huckleberry
Participant[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.
Did I get it all?[/quote]
All good points sdr, I totally agree…August 25, 2010 at 2:04 PM #596324Participant[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.
Did I get it all?[/quote]
All good points sdr, I totally agree…August 25, 2010 at 2:04 PM #596863Participant[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.
Did I get it all?[/quote]
All good points sdr, I totally agree…August 25, 2010 at 2:04 PM #596972Participant[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.
Did I get it all?[/quote]
All good points sdr, I totally agree…August 25, 2010 at 2:04 PM #597288Participant[quote=sdrealtor]Look at all that shadow inventory, vacant homes are everywhere, the tsunami is coming, rates are about to soar, inventory is skyrocketing, unemployment i sdhigh and getting worse, the public sector is about to take a major hit, the stock market is tanking, home sales are down, deflation is on the way….get ready for the next leg down.
Did I get it all?[/quote]
All good points sdr, I totally agree…August 25, 2010 at 2:31 PM #596246sdrealtor
ParticipantDZ
I never said anything about2000 nominal prices causing a depression so that one isnt mine. I dont think we will see them in the better areas except on very high end properties but that is another matter.The sarcasm is because, every time something like this appears in the news a bunch of posters show up with the I told you so’s and the same tired arguments. Each of these arguments look great on paper and have for quite a while but what looks good on paper and what happens on the streets are not the same. I look at it all with skepticism, both the good news and the bad news. Right down the middle with a stagnant economy is where we have been and where we are headed.
My post summing it all up was to save everyone from posting the same stuff that they have been for years.
August 25, 2010 at 2:31 PM #596339ParticipantDZ
I never said anything about2000 nominal prices causing a depression so that one isnt mine. I dont think we will see them in the better areas except on very high end properties but that is another matter.The sarcasm is because, every time something like this appears in the news a bunch of posters show up with the I told you so’s and the same tired arguments. Each of these arguments look great on paper and have for quite a while but what looks good on paper and what happens on the streets are not the same. I look at it all with skepticism, both the good news and the bad news. Right down the middle with a stagnant economy is where we have been and where we are headed.
My post summing it all up was to save everyone from posting the same stuff that they have been for years.
August 25, 2010 at 2:31 PM #596878ParticipantDZ
I never said anything about2000 nominal prices causing a depression so that one isnt mine. I dont think we will see them in the better areas except on very high end properties but that is another matter.The sarcasm is because, every time something like this appears in the news a bunch of posters show up with the I told you so’s and the same tired arguments. Each of these arguments look great on paper and have for quite a while but what looks good on paper and what happens on the streets are not the same. I look at it all with skepticism, both the good news and the bad news. Right down the middle with a stagnant economy is where we have been and where we are headed.
My post summing it all up was to save everyone from posting the same stuff that they have been for years.
August 25, 2010 at 2:31 PM #596987ParticipantDZ
I never said anything about2000 nominal prices causing a depression so that one isnt mine. I dont think we will see them in the better areas except on very high end properties but that is another matter.The sarcasm is because, every time something like this appears in the news a bunch of posters show up with the I told you so’s and the same tired arguments. Each of these arguments look great on paper and have for quite a while but what looks good on paper and what happens on the streets are not the same. I look at it all with skepticism, both the good news and the bad news. Right down the middle with a stagnant economy is where we have been and where we are headed.
My post summing it all up was to save everyone from posting the same stuff that they have been for years.
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