Is 25 – 30% off a good deal?

[34f3f3f]

But if I could work on the computer from anywhere in the world, I wouldn’t live in San Diego. I would rent somewhere in South America (like Rio) and hang out there for a while. Then I’d move on to Southern Europe (perhaps Italy or Croatia). There are so many great places in the world which are very nice and cheaper than San Diego (Tahiti, Virgin Islands, Fiji, Srilanka, Madagascar, etc…) For $4000/month I could lead an idyllic life overseas.

Last year I made a trip to Croatia to explore this possibility, and this year to Italy. Italy wins hands down for sheer beauty and life style but Croatia wins on price. Trouble is with the dollar being so weak (and with a potential collapse on the horizon), Europe has become much more expensive, which for many things it already is anyway. The other places I can’t speak for except to say some places may require visas. I came to the conclusion that Hawaii offers a lot of what I want, and although rentals are probably the same as California, at least its currency is the dollar, language is (mostly) English, and the adjustment won’t be horrific. Can’t think of a nicer hassle free place to sit this correction out. Any tips welcome!

[Eugene]

can we sell houses at a 1999 rate but maintain 2001-2003 prices?

Sales will pick up when we approach the bottom, obviously. We’re still far from 2003. Roughly speaking, 700K at the peak in a good neighborhood = 350K in 2003 = 250K in 2000 = 200K in 1997.

[Eugene]

can we sell houses at a 1999 rate but maintain 2001-2003 prices?

Sales will pick up when we approach the bottom, obviously. We’re still far from 2003. Roughly speaking, 700K at the peak in a good neighborhood = 350K in 2003 = 250K in 2000 = 200K in 1997.

[Eugene]

can we sell houses at a 1999 rate but maintain 2001-2003 prices?

Sales will pick up when we approach the bottom, obviously. We’re still far from 2003. Roughly speaking, 700K at the peak in a good neighborhood = 350K in 2003 = 250K in 2000 = 200K in 1997.

[Eugene]

can we sell houses at a 1999 rate but maintain 2001-2003 prices?

Sales will pick up when we approach the bottom, obviously. We’re still far from 2003. Roughly speaking, 700K at the peak in a good neighborhood = 350K in 2003 = 250K in 2000 = 200K in 1997.

[Eugene]

can we sell houses at a 1999 rate but maintain 2001-2003 prices?

Sales will pick up when we approach the bottom, obviously. We’re still far from 2003. Roughly speaking, 700K at the peak in a good neighborhood = 350K in 2003 = 250K in 2000 = 200K in 1997.

[4plexowner]

yes sales will increase as we approach a bottom

it is called capitulation

as the last holdouts sell their real estate for dimes on the dollar they will create the market sentiment (abject fear and disgust – blood in the streets) that will allow a lasting bottom to form

it is this capitulation where the overshoot of the trendline is likely to occur

[4plexowner]

yes sales will increase as we approach a bottom

it is called capitulation

as the last holdouts sell their real estate for dimes on the dollar they will create the market sentiment (abject fear and disgust – blood in the streets) that will allow a lasting bottom to form

it is this capitulation where the overshoot of the trendline is likely to occur

[4plexowner]

yes sales will increase as we approach a bottom

it is called capitulation

as the last holdouts sell their real estate for dimes on the dollar they will create the market sentiment (abject fear and disgust – blood in the streets) that will allow a lasting bottom to form

it is this capitulation where the overshoot of the trendline is likely to occur

[4plexowner]

yes sales will increase as we approach a bottom

it is called capitulation

as the last holdouts sell their real estate for dimes on the dollar they will create the market sentiment (abject fear and disgust – blood in the streets) that will allow a lasting bottom to form

it is this capitulation where the overshoot of the trendline is likely to occur

[4plexowner]

yes sales will increase as we approach a bottom

it is called capitulation

as the last holdouts sell their real estate for dimes on the dollar they will create the market sentiment (abject fear and disgust – blood in the streets) that will allow a lasting bottom to form

it is this capitulation where the overshoot of the trendline is likely to occur

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[cr]

History is repeating itself.

“Meanwhile, U.S. home foreclosures almost doubled in October from a year earlier as subprime borrowers struggled to make higher payments on their adjustable-rate mortgages, according to data compiled by RealtyTrac Inc.

RealtyTrac reported 224,451 foreclosure filings, including default notices, auction notices and bank repossessions, a 94% jump from October 2006 and a 2% gain from September.”

Sales tanked again, and government numbers were wrong again:

“…the sales rate was down 23.5% from the rate of 952,000 a year ago.

September new-home sales fell 0.1% to an annual rate to 716,000; originally, the government said September sales rose by 4.8% to 770,000.”

Eventually these bad numbers will stop doubling and ebb up from one month to month, or even year to year time frame the bottom will be called. Then things will go down again, and panic will reinstate itself.

I don’t need to repeat all the reasons why this will continue for probably 7-10 years, but I personally am holding out for 2000 prices.

[Author]

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