housing a sucker’s bet now?

[peterb]

denverite- I could not agree with you more on this! We are embarking on very likely the worst global economic disaster to happen since the 1930’s. Maybe worse. Going long with max leverage on a depreciating asset that’s highly illiquid is the absolute worst thing to do right now. But pent-up demand and dreams die hard. I am amazed at what I see.

[scaredyclassic]

i think what i really would like is one of the houses currently going for around 550k. maybe if I wait it’ll be 300. i understand “locking inr ent” but I’d rather either lock ina lower rent or lock in a better place to rent…

[scaredyclassic]

i think what i really would like is one of the houses currently going for around 550k. maybe if I wait it’ll be 300. i understand “locking inr ent” but I’d rather either lock ina lower rent or lock in a better place to rent…

[scaredyclassic]

i think what i really would like is one of the houses currently going for around 550k. maybe if I wait it’ll be 300. i understand “locking inr ent” but I’d rather either lock ina lower rent or lock in a better place to rent…

[scaredyclassic]

i think what i really would like is one of the houses currently going for around 550k. maybe if I wait it’ll be 300. i understand “locking inr ent” but I’d rather either lock ina lower rent or lock in a better place to rent…

[scaredyclassic]

i think what i really would like is one of the houses currently going for around 550k. maybe if I wait it’ll be 300. i understand “locking inr ent” but I’d rather either lock ina lower rent or lock in a better place to rent…

[highpacific]

Not the bottom!

If you really think this is the bottom and that you must rush in. Please read this first:

PMI U.S. MARKET RISK INDEX
Q2’08 San Diego-Carlsbad-San Marcos 95.9

Translation: There is a 95.9% chance that prices will be lower in two years.

Source:
PMI Q2 Report
Who is the PMI Group, Inc.?

[highpacific]

Not the bottom!

If you really think this is the bottom and that you must rush in. Please read this first:

PMI U.S. MARKET RISK INDEX
Q2’08 San Diego-Carlsbad-San Marcos 95.9

Translation: There is a 95.9% chance that prices will be lower in two years.

Source:
PMI Q2 Report
Who is the PMI Group, Inc.?

[highpacific]

Not the bottom!

If you really think this is the bottom and that you must rush in. Please read this first:

PMI U.S. MARKET RISK INDEX
Q2’08 San Diego-Carlsbad-San Marcos 95.9

Translation: There is a 95.9% chance that prices will be lower in two years.

Source:
PMI Q2 Report
Who is the PMI Group, Inc.?

[highpacific]

Not the bottom!

If you really think this is the bottom and that you must rush in. Please read this first:

PMI U.S. MARKET RISK INDEX
Q2’08 San Diego-Carlsbad-San Marcos 95.9

Translation: There is a 95.9% chance that prices will be lower in two years.

Source:
PMI Q2 Report
Who is the PMI Group, Inc.?

[highpacific]

Not the bottom!

If you really think this is the bottom and that you must rush in. Please read this first:

PMI U.S. MARKET RISK INDEX
Q2’08 San Diego-Carlsbad-San Marcos 95.9

Translation: There is a 95.9% chance that prices will be lower in two years.

Source:
PMI Q2 Report
Who is the PMI Group, Inc.?

[highpacific]

More Evidence

“There is no change in the previously reported negative outlook for the local economy through the first half of 2009. What is needed to turn the economy around both locally and nationally is stability in the housing market. Falling prices and a jump in foreclosures have hurt both the labor market and the financial markets and institutions. The recent increase in home resales is a positive sign, but a bottom in the housing market in not likely to be reached until the latter part of 2009, and home prices are not expected to increase until 2010 at the earliest.”
-Professor Alan Gin

Source:
San Diego Index of Leading Economic Indicators

[highpacific]

More Evidence

“There is no change in the previously reported negative outlook for the local economy through the first half of 2009. What is needed to turn the economy around both locally and nationally is stability in the housing market. Falling prices and a jump in foreclosures have hurt both the labor market and the financial markets and institutions. The recent increase in home resales is a positive sign, but a bottom in the housing market in not likely to be reached until the latter part of 2009, and home prices are not expected to increase until 2010 at the earliest.”
-Professor Alan Gin

Source:
San Diego Index of Leading Economic Indicators

[highpacific]

More Evidence

“There is no change in the previously reported negative outlook for the local economy through the first half of 2009. What is needed to turn the economy around both locally and nationally is stability in the housing market. Falling prices and a jump in foreclosures have hurt both the labor market and the financial markets and institutions. The recent increase in home resales is a positive sign, but a bottom in the housing market in not likely to be reached until the latter part of 2009, and home prices are not expected to increase until 2010 at the earliest.”
-Professor Alan Gin

Source:
San Diego Index of Leading Economic Indicators

[highpacific]

More Evidence

“There is no change in the previously reported negative outlook for the local economy through the first half of 2009. What is needed to turn the economy around both locally and nationally is stability in the housing market. Falling prices and a jump in foreclosures have hurt both the labor market and the financial markets and institutions. The recent increase in home resales is a positive sign, but a bottom in the housing market in not likely to be reached until the latter part of 2009, and home prices are not expected to increase until 2010 at the earliest.”
-Professor Alan Gin

Source:
San Diego Index of Leading Economic Indicators

[Author]

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