How much further will the SD market go down.

[5yearwaiter]

Anyone who believes this site’s future vision(astrology) they should also keep in faith that SD prices are falling to 38%(including CV, 4S or whatever you all in concern). The time is also not that much far and it is the matter of that new bill(big mistake of another to happen) and then we experience an ache(don’t know which way that errupts) but finally we all going to see a free (not even a controlled manner) fall until 38% reach compare to 2003 prices prices scale.

5yearswaiter

[cr]

If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.

To that historical trend we can add the fact that we are only now starting to see conditions that can cause a decline in a normal cycle, i.e. recession, job losses, consumer fear.

We’re still in the bargaining stage. It’s now accepted that prices will fall even as much as 25%, but the general consensus is for a turn-around by the end of ’08. We heard the same thing a year ago.

Prices have no chance of bottoming out as long as inventories and foreclosures are on the rise.

[cr]

If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.

To that historical trend we can add the fact that we are only now starting to see conditions that can cause a decline in a normal cycle, i.e. recession, job losses, consumer fear.

We’re still in the bargaining stage. It’s now accepted that prices will fall even as much as 25%, but the general consensus is for a turn-around by the end of ’08. We heard the same thing a year ago.

Prices have no chance of bottoming out as long as inventories and foreclosures are on the rise.

[cr]

If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.

To that historical trend we can add the fact that we are only now starting to see conditions that can cause a decline in a normal cycle, i.e. recession, job losses, consumer fear.

We’re still in the bargaining stage. It’s now accepted that prices will fall even as much as 25%, but the general consensus is for a turn-around by the end of ’08. We heard the same thing a year ago.

Prices have no chance of bottoming out as long as inventories and foreclosures are on the rise.

[cr]

If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.

To that historical trend we can add the fact that we are only now starting to see conditions that can cause a decline in a normal cycle, i.e. recession, job losses, consumer fear.

We’re still in the bargaining stage. It’s now accepted that prices will fall even as much as 25%, but the general consensus is for a turn-around by the end of ’08. We heard the same thing a year ago.

Prices have no chance of bottoming out as long as inventories and foreclosures are on the rise.

[cr]

If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.

To that historical trend we can add the fact that we are only now starting to see conditions that can cause a decline in a normal cycle, i.e. recession, job losses, consumer fear.

We’re still in the bargaining stage. It’s now accepted that prices will fall even as much as 25%, but the general consensus is for a turn-around by the end of ’08. We heard the same thing a year ago.

Prices have no chance of bottoming out as long as inventories and foreclosures are on the rise.

[Anonymous]

The best bet is to look at rents relative to home prices for any area to determine how much prices will fall. If a 2,000 sq ft house is renting for $2,000 in 4S Ranch the price of the home will fall to about $250,000 ($1,600 mortgage, $250 taxes, and $150 HOA). If mortgage rates go up, if today’s flipping bargains become tomorrow’s defaults, and the rents fall prices could fall even more.

One thing I would really wait for is for Option ARMs (Neg AMs) to reset when the available line of credit is used up. This is likely to happen in large numbers in 2010 and 2011. When this occurs areas that have had large run ups but limited rentals will start to see defaults and price declines.

[Anonymous]

The best bet is to look at rents relative to home prices for any area to determine how much prices will fall. If a 2,000 sq ft house is renting for $2,000 in 4S Ranch the price of the home will fall to about $250,000 ($1,600 mortgage, $250 taxes, and $150 HOA). If mortgage rates go up, if today’s flipping bargains become tomorrow’s defaults, and the rents fall prices could fall even more.

One thing I would really wait for is for Option ARMs (Neg AMs) to reset when the available line of credit is used up. This is likely to happen in large numbers in 2010 and 2011. When this occurs areas that have had large run ups but limited rentals will start to see defaults and price declines.

[Anonymous]

The best bet is to look at rents relative to home prices for any area to determine how much prices will fall. If a 2,000 sq ft house is renting for $2,000 in 4S Ranch the price of the home will fall to about $250,000 ($1,600 mortgage, $250 taxes, and $150 HOA). If mortgage rates go up, if today’s flipping bargains become tomorrow’s defaults, and the rents fall prices could fall even more.

One thing I would really wait for is for Option ARMs (Neg AMs) to reset when the available line of credit is used up. This is likely to happen in large numbers in 2010 and 2011. When this occurs areas that have had large run ups but limited rentals will start to see defaults and price declines.

[Anonymous]

The best bet is to look at rents relative to home prices for any area to determine how much prices will fall. If a 2,000 sq ft house is renting for $2,000 in 4S Ranch the price of the home will fall to about $250,000 ($1,600 mortgage, $250 taxes, and $150 HOA). If mortgage rates go up, if today’s flipping bargains become tomorrow’s defaults, and the rents fall prices could fall even more.

One thing I would really wait for is for Option ARMs (Neg AMs) to reset when the available line of credit is used up. This is likely to happen in large numbers in 2010 and 2011. When this occurs areas that have had large run ups but limited rentals will start to see defaults and price declines.

[Anonymous]

The best bet is to look at rents relative to home prices for any area to determine how much prices will fall. If a 2,000 sq ft house is renting for $2,000 in 4S Ranch the price of the home will fall to about $250,000 ($1,600 mortgage, $250 taxes, and $150 HOA). If mortgage rates go up, if today’s flipping bargains become tomorrow’s defaults, and the rents fall prices could fall even more.

One thing I would really wait for is for Option ARMs (Neg AMs) to reset when the available line of credit is used up. This is likely to happen in large numbers in 2010 and 2011. When this occurs areas that have had large run ups but limited rentals will start to see defaults and price declines.

[andymajumder]

“If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.”

Ideally, thats what you expect. But, its moves like this

http://www.thestreet.com/_yahoo/funds/etf-update/10410831.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

which has me worried. Congress and Fed seems to be hell bent on throwing as much money on Housing as possible to prevent itself from correcting. Its almost an all out war against renters and tempt them buy at any cost. I won’t be surprised if a new bill comes out which will add an additional tax if you are renting.:-)

[andymajumder]

“If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.”

Ideally, thats what you expect. But, its moves like this

http://www.thestreet.com/_yahoo/funds/etf-update/10410831.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

which has me worried. Congress and Fed seems to be hell bent on throwing as much money on Housing as possible to prevent itself from correcting. Its almost an all out war against renters and tempt them buy at any cost. I won’t be surprised if a new bill comes out which will add an additional tax if you are renting.:-)

[andymajumder]

“If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.”

Ideally, thats what you expect. But, its moves like this

http://www.thestreet.com/_yahoo/funds/etf-update/10410831.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

which has me worried. Congress and Fed seems to be hell bent on throwing as much money on Housing as possible to prevent itself from correcting. Its almost an all out war against renters and tempt them buy at any cost. I won’t be surprised if a new bill comes out which will add an additional tax if you are renting.:-)

[andymajumder]

“If you look at past cycles, once prices reverted to the mean they continued downward and over-corrected. There’s no reason not to expect that this time.”

Ideally, thats what you expect. But, its moves like this

http://www.thestreet.com/_yahoo/funds/etf-update/10410831.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

which has me worried. Congress and Fed seems to be hell bent on throwing as much money on Housing as possible to prevent itself from correcting. Its almost an all out war against renters and tempt them buy at any cost. I won’t be surprised if a new bill comes out which will add an additional tax if you are renting.:-)

[Author]

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