- This topic has 398 replies, 66 voices, and was last updated 2 years, 9 months ago by
The-Shoveler.
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July 3, 2007 at 5:00 PM #63777July 3, 2007 at 5:05 PM #63726
drunkle
Participanteverything’s hunky dory if you obey the republican mandate on how to live your life: spend like there’s no tomorrow. because most likely, there wont be, particularly if you spend like there’s no tomorrow.
July 3, 2007 at 5:05 PM #63781Participanteverything’s hunky dory if you obey the republican mandate on how to live your life: spend like there’s no tomorrow. because most likely, there wont be, particularly if you spend like there’s no tomorrow.
July 3, 2007 at 5:15 PM #63734Anonymous
GuestDear Scruffy-
Your comments are welcome as it proves just how limited a persons perspective and experience can be. The statements you make are ignorant of the fact that the housing market it not moving. People are not buying houses at escalated pricing. And the long lines at discount stores that provide staples are very much expected as they are discount stores and they provide staples (a basic or necessary item). Trader Joe’s has increased in popularity due to its low price of organic alternatives that have come into increased demand due to recent E coli scares. Try going to Circuit City, department stores, or furniture stores and check out the total $$ purchases at the liquidation sales. Consumer confidence is on shaky ground this insecurity often causes short run spending (denial and quick fix), but in the long run it will cause spending to reduce even more. As a point of enlightenment n the next time you are in the store note if people are paying with cash or credit.On a final note, people that care to educate themselves generally have ideas and opinions on many various topics. As a result they enjoy debating and discussing them with others, especially those whose opinions and character they respect. Thus this forum often overlaps into other subject matter. Pull up a seat you could learn something.
July 3, 2007 at 5:15 PM #63789GuestDear Scruffy-
Your comments are welcome as it proves just how limited a persons perspective and experience can be. The statements you make are ignorant of the fact that the housing market it not moving. People are not buying houses at escalated pricing. And the long lines at discount stores that provide staples are very much expected as they are discount stores and they provide staples (a basic or necessary item). Trader Joe’s has increased in popularity due to its low price of organic alternatives that have come into increased demand due to recent E coli scares. Try going to Circuit City, department stores, or furniture stores and check out the total $$ purchases at the liquidation sales. Consumer confidence is on shaky ground this insecurity often causes short run spending (denial and quick fix), but in the long run it will cause spending to reduce even more. As a point of enlightenment n the next time you are in the store note if people are paying with cash or credit.On a final note, people that care to educate themselves generally have ideas and opinions on many various topics. As a result they enjoy debating and discussing them with others, especially those whose opinions and character they respect. Thus this forum often overlaps into other subject matter. Pull up a seat you could learn something.
July 3, 2007 at 5:18 PM #63738an
Participant’m guessing we are at a cycle peak – prices will be flat for awhile.
This sentence doesn’t make any sense. You can’t have cycle, peaks, and not valleys. You don’t get valleys by being flat. Have you ever seen price stay flat after it peak in any cycle? So far, I saved myself $100k for waiting this long instead of buying in 2005. $100k drop is not flat to me, is it to you?
July 3, 2007 at 5:18 PM #63793Participant’m guessing we are at a cycle peak – prices will be flat for awhile.
This sentence doesn’t make any sense. You can’t have cycle, peaks, and not valleys. You don’t get valleys by being flat. Have you ever seen price stay flat after it peak in any cycle? So far, I saved myself $100k for waiting this long instead of buying in 2005. $100k drop is not flat to me, is it to you?
July 3, 2007 at 5:20 PM #63744newguy
ParticipantGuess you didn’t get the memo (IE multiple threads) that says that median price changes are pretty much useless. You have to look at sales volume and types of homes sold to get a better picture. Iventory is ridiculous, loans are getting harder to obtain, and interest rates are rising (well, I guess it’s staying flat…for now).
July 3, 2007 at 5:20 PM #63799ParticipantGuess you didn’t get the memo (IE multiple threads) that says that median price changes are pretty much useless. You have to look at sales volume and types of homes sold to get a better picture. Iventory is ridiculous, loans are getting harder to obtain, and interest rates are rising (well, I guess it’s staying flat…for now).
July 3, 2007 at 5:24 PM #63748(former)FormerSanDiegan
Participantscruffydog said “I’m guessing we are at a cycle peak – prices will be flat for awhile.”
Please refer to the home page of this site and view the Case-Shiller index numbers for San Diego. (This index is based on same-home sales and is not subject to change in mix of homes sold as the median is.) Also look at numbers of sales for the past three years. The market peak was somewhere in late Fall 2005. Prices are down 7% in nominal terms (ignoring inflation) and another 6% due to inflation for a real decline of about 13%.
If a house was worth 600K in fall 2005 at the peak it is likely now worth about 558K in nominal dollars and about 522K in 2005 dollars. If you consider this flat, then the market is flat.
July 3, 2007 at 5:24 PM #63803Participantscruffydog said “I’m guessing we are at a cycle peak – prices will be flat for awhile.”
Please refer to the home page of this site and view the Case-Shiller index numbers for San Diego. (This index is based on same-home sales and is not subject to change in mix of homes sold as the median is.) Also look at numbers of sales for the past three years. The market peak was somewhere in late Fall 2005. Prices are down 7% in nominal terms (ignoring inflation) and another 6% due to inflation for a real decline of about 13%.
If a house was worth 600K in fall 2005 at the peak it is likely now worth about 558K in nominal dollars and about 522K in 2005 dollars. If you consider this flat, then the market is flat.
July 3, 2007 at 5:25 PM #63750PerryChase
ParticipantI’m so sure that real estate will crash that I don’t really bother questioning that premise.
Since I don’t really care how hard or how fast RE crashes, I’m enjoying the show. We’ll know when it’s here. Better than watching prime time TV. I don’t have cable, so it’s the Piggington channel. 🙂
July 3, 2007 at 5:25 PM #63805ParticipantI’m so sure that real estate will crash that I don’t really bother questioning that premise.
Since I don’t really care how hard or how fast RE crashes, I’m enjoying the show. We’ll know when it’s here. Better than watching prime time TV. I don’t have cable, so it’s the Piggington channel. 🙂
July 3, 2007 at 6:20 PM #63776GuestRemember folks, This just proves we are still in the
“DENIAL” phase of this Mega Housing crash!!!July 3, 2007 at 6:20 PM #63831GuestRemember folks, This just proves we are still in the
“DENIAL” phase of this Mega Housing crash!!! -
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