Housing won’t hit bottom ’til 2012

[briansd1]

[quote=ocrenter]what else is new.

another article in MSM affirming what was already articulated on the blogosphere couple of years ago…[/quote]

True. Nothing new.

But it’s nice to be vindicated. 😉

[briansd1]

[quote=deadzone]No crap, if you pay attention to the ARM reset charts it has been obvious for a few years now that there is no chance for a real housing bottom until at least 2012. The bulk of the ARM resets occur in 2011 and 2012. So regardless of interest rates and other factors, there is no chance for a real recovery to begin until those ARMs (aka foreclosures) are out of the system.[/quote]

Yeah, deadzone. The resets are what we need to watch — not necessarily interest rate resets, but resets to include principal paydown.

An aquaintaince of mine is about to walk on her house because her interest-only loan resets next year. Back then she was so sure that buying was the right thing.

[briansd1]

[quote=deadzone]No crap, if you pay attention to the ARM reset charts it has been obvious for a few years now that there is no chance for a real housing bottom until at least 2012. The bulk of the ARM resets occur in 2011 and 2012. So regardless of interest rates and other factors, there is no chance for a real recovery to begin until those ARMs (aka foreclosures) are out of the system.[/quote]

Yeah, deadzone. The resets are what we need to watch — not necessarily interest rate resets, but resets to include principal paydown.

An aquaintaince of mine is about to walk on her house because her interest-only loan resets next year. Back then she was so sure that buying was the right thing.

[briansd1]

[quote=deadzone]No crap, if you pay attention to the ARM reset charts it has been obvious for a few years now that there is no chance for a real housing bottom until at least 2012. The bulk of the ARM resets occur in 2011 and 2012. So regardless of interest rates and other factors, there is no chance for a real recovery to begin until those ARMs (aka foreclosures) are out of the system.[/quote]

Yeah, deadzone. The resets are what we need to watch — not necessarily interest rate resets, but resets to include principal paydown.

An aquaintaince of mine is about to walk on her house because her interest-only loan resets next year. Back then she was so sure that buying was the right thing.

[briansd1]

[quote=deadzone]No crap, if you pay attention to the ARM reset charts it has been obvious for a few years now that there is no chance for a real housing bottom until at least 2012. The bulk of the ARM resets occur in 2011 and 2012. So regardless of interest rates and other factors, there is no chance for a real recovery to begin until those ARMs (aka foreclosures) are out of the system.[/quote]

Yeah, deadzone. The resets are what we need to watch — not necessarily interest rate resets, but resets to include principal paydown.

An aquaintaince of mine is about to walk on her house because her interest-only loan resets next year. Back then she was so sure that buying was the right thing.

[briansd1]

[quote=deadzone]No crap, if you pay attention to the ARM reset charts it has been obvious for a few years now that there is no chance for a real housing bottom until at least 2012. The bulk of the ARM resets occur in 2011 and 2012. So regardless of interest rates and other factors, there is no chance for a real recovery to begin until those ARMs (aka foreclosures) are out of the system.[/quote]

Yeah, deadzone. The resets are what we need to watch — not necessarily interest rate resets, but resets to include principal paydown.

An aquaintaince of mine is about to walk on her house because her interest-only loan resets next year. Back then she was so sure that buying was the right thing.

[scaredyclassic]

I personally am going to hit rock bottom in 2016. Then according to most research I should begin to cheer up as middle age passes and I become old.

[scaredyclassic]

I personally am going to hit rock bottom in 2016. Then according to most research I should begin to cheer up as middle age passes and I become old.

[scaredyclassic]

I personally am going to hit rock bottom in 2016. Then according to most research I should begin to cheer up as middle age passes and I become old.

[scaredyclassic]

I personally am going to hit rock bottom in 2016. Then according to most research I should begin to cheer up as middle age passes and I become old.

[scaredyclassic]

I personally am going to hit rock bottom in 2016. Then according to most research I should begin to cheer up as middle age passes and I become old.

[carlsbadworker]

[quote=briansd1]…a new flood of foreclosures and short sales hit the market.[/quote]

Really? My patience is running out.

[carlsbadworker]

[quote=briansd1]…a new flood of foreclosures and short sales hit the market.[/quote]

Really? My patience is running out.

[carlsbadworker]

[quote=briansd1]…a new flood of foreclosures and short sales hit the market.[/quote]

Really? My patience is running out.

[carlsbadworker]

[quote=briansd1]…a new flood of foreclosures and short sales hit the market.[/quote]

Really? My patience is running out.

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