Is it realistic to expect that the same set of circumstances will return when we hit the bottom?
In my opinion the scenario is likely to be:
1. No easy money to be had, 20% down is the norm
2. Appreciation is flat
3. Economy is just digging itself out of a recession
4. Unemployment levels are shaky, construction, real estate, and mortgage workers are just starting to find jobs again
5. Average inventories (at best)
These are not the right set of circumstances for any kind of bounce at all. The market will follow need, rather than greed, and prices will be in line to incomes, long before we see any kind of bubble again.
At this point it’s all cart-before-the-horse anyway. We’ll have at least a couple years for the downswing to play out before anything stabilizes, let alone sets up for the next upswing.
At this point it’s all cart-before-the-horse anyway. We’ll have at least a couple years for the downswing to play out before anything stabilizes, let alone sets up for the next upswing.
At this point it’s all cart-before-the-horse anyway. We’ll have at least a couple years for the downswing to play out before anything stabilizes, let alone sets up for the next upswing.
At this point it’s all cart-before-the-horse anyway. We’ll have at least a couple years for the downswing to play out before anything stabilizes, let alone sets up for the next upswing.
At this point it’s all cart-before-the-horse anyway. We’ll have at least a couple years for the downswing to play out before anything stabilizes, let alone sets up for the next upswing.
I don’t think there will be a bounce back, because I don’t think anyone, investors or sideline sitters, will look at Real Estate as the cash opportunity it was.
Not only that it will be years before prices start going up steadily.
I don’t think there will be a bounce back, because I don’t think anyone, investors or sideline sitters, will look at Real Estate as the cash opportunity it was.
Not only that it will be years before prices start going up steadily.
I don’t think there will be a bounce back, because I don’t think anyone, investors or sideline sitters, will look at Real Estate as the cash opportunity it was.
Not only that it will be years before prices start going up steadily.
I don’t think there will be a bounce back, because I don’t think anyone, investors or sideline sitters, will look at Real Estate as the cash opportunity it was.
Not only that it will be years before prices start going up steadily.
I don’t think there will be a bounce back, because I don’t think anyone, investors or sideline sitters, will look at Real Estate as the cash opportunity it was.
Not only that it will be years before prices start going up steadily.
I was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
I was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
I was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
I was thinking the same thing as Bugs…but of course in true Piggington style there are discussions well ahead of the curve here.
As for a bounce-back, I have to disagree with coop on this – I and many I know who have been investing in real estate for several decades are sitting by calmly, knives and forks in hand, waiting to feast on future opportunities in real estate.
