[quote=BigGovernmentIsGood]The problem (at least if you are a buyer) is that the government has all kinds of tricks they can use to prop up the market. The government can encourage more zero-down loans, the Fed can buy $1 trillion in MBS at the drop of a hat, the Treasury can encourage banks to continue to hold on to all that inventory, the government can continue to suspend mark-to-market, and on and on and on.
The housing market doesn’t come close to resembling anything like a free market with all the government intervention. Hosing would probably be 50% lower if the government hadn’t intervened. If every buyer had to put down 20%, housing would probably be 70% lower.
I think the government has found a level for housing that they are comfortable with. They’ve bailed out all their cronies at the top and now we are likely to see a government-supported stagnant market that lasts for the next 10 years or so.[/quote]
Yep. Which is exactly why we don’t want to buy. If we felt that the govt/banks were out of the way and that the bond and housing markets were allowed to move freely (with 20% down, at a minimum), we would buy today.
Personally, I feel that the prices have bottomed out and there would be long period of stagnation or very very slow appreciation.
I have been hearing about so called shadow inventory forever but never saw them coming to market.
Personally, I feel that the prices have bottomed out and there would be long period of stagnation or very very slow appreciation.
I have been hearing about so called shadow inventory forever but never saw them coming to market.
Personally, I feel that the prices have bottomed out and there would be long period of stagnation or very very slow appreciation.
I have been hearing about so called shadow inventory forever but never saw them coming to market.
Personally, I feel that the prices have bottomed out and there would be long period of stagnation or very very slow appreciation.
I have been hearing about so called shadow inventory forever but never saw them coming to market.
Personally, I feel that the prices have bottomed out and there would be long period of stagnation or very very slow appreciation.
I have been hearing about so called shadow inventory forever but never saw them coming to market.
I dont know if its a sign but lately I have noticed a preponderence of for sale listings on Craigs List for lifeboats. I guess people dont feel they need them anymore.
I dont know if its a sign but lately I have noticed a preponderence of for sale listings on Craigs List for lifeboats. I guess people dont feel they need them anymore.
I dont know if its a sign but lately I have noticed a preponderence of for sale listings on Craigs List for lifeboats. I guess people dont feel they need them anymore.
I dont know if its a sign but lately I have noticed a preponderence of for sale listings on Craigs List for lifeboats. I guess people dont feel they need them anymore.
I dont know if its a sign but lately I have noticed a preponderence of for sale listings on Craigs List for lifeboats. I guess people dont feel they need them anymore.
