Is it just me?

[urbanrealtor]

On a more constructive note, what do you see as the primary motivation for holding inventory back?

I am sensing mostly a lack of capacity to handle the load rather than simply manipulation (though that could play a part).

[socrattt]

[quote=SD Realtor]Socratt I have given up trying to figure it out. The housing market is absolutely on fire right now and yes to me it does not make any sense. All I can say is that people are doing exactly what the government wants them to do. They are buying homes, they are buying into the stock market and pretty much just chugging along. I am not saying I have a clue what will happen because it seems impossible to be sustainable. However it is absolutely imperative to get some of this shadow inventory to get into the market because it is just crazy right now. [/quote]

SDR, it’s interesting because in one sense I can’t complain because my business is doing really well right now and there is much more cash on the table than there was a couple of months ago. On the other hand I wonder if we are being misinformed simply to keep US consumer spending moving which will in turn put a temporary float on the economic numbers.

I agree 100% that we need this inventory to start showing up on the market ASAP because it seems as though we could have an immediate impact to prices if these inventories hit the market in a 2-3 month period. I read some interesting numbers about the release of foreclosures supposedly hitting the market during the months of May and July, which would seem to have a pretty dramatic impact nationally.

I think it would have been a much smarter move for the banks to leak these ghost inventories sporadically rather than hold them for such a long period. Assuming rates won’t stay this low for a long period, I can’t imagine that was the right decision. Once the inventory is released a number of these new plans instated by our government, i.e. 105% loans, won’t make much of difference.

I must say it has been very interesting to watch!

[socrattt]

[quote=SD Realtor]Socratt I have given up trying to figure it out. The housing market is absolutely on fire right now and yes to me it does not make any sense. All I can say is that people are doing exactly what the government wants them to do. They are buying homes, they are buying into the stock market and pretty much just chugging along. I am not saying I have a clue what will happen because it seems impossible to be sustainable. However it is absolutely imperative to get some of this shadow inventory to get into the market because it is just crazy right now. [/quote]

SDR, it’s interesting because in one sense I can’t complain because my business is doing really well right now and there is much more cash on the table than there was a couple of months ago. On the other hand I wonder if we are being misinformed simply to keep US consumer spending moving which will in turn put a temporary float on the economic numbers.

I agree 100% that we need this inventory to start showing up on the market ASAP because it seems as though we could have an immediate impact to prices if these inventories hit the market in a 2-3 month period. I read some interesting numbers about the release of foreclosures supposedly hitting the market during the months of May and July, which would seem to have a pretty dramatic impact nationally.

I think it would have been a much smarter move for the banks to leak these ghost inventories sporadically rather than hold them for such a long period. Assuming rates won’t stay this low for a long period, I can’t imagine that was the right decision. Once the inventory is released a number of these new plans instated by our government, i.e. 105% loans, won’t make much of difference.

I must say it has been very interesting to watch!

[socrattt]

[quote=SD Realtor]Socratt I have given up trying to figure it out. The housing market is absolutely on fire right now and yes to me it does not make any sense. All I can say is that people are doing exactly what the government wants them to do. They are buying homes, they are buying into the stock market and pretty much just chugging along. I am not saying I have a clue what will happen because it seems impossible to be sustainable. However it is absolutely imperative to get some of this shadow inventory to get into the market because it is just crazy right now. [/quote]

SDR, it’s interesting because in one sense I can’t complain because my business is doing really well right now and there is much more cash on the table than there was a couple of months ago. On the other hand I wonder if we are being misinformed simply to keep US consumer spending moving which will in turn put a temporary float on the economic numbers.

I agree 100% that we need this inventory to start showing up on the market ASAP because it seems as though we could have an immediate impact to prices if these inventories hit the market in a 2-3 month period. I read some interesting numbers about the release of foreclosures supposedly hitting the market during the months of May and July, which would seem to have a pretty dramatic impact nationally.

I think it would have been a much smarter move for the banks to leak these ghost inventories sporadically rather than hold them for such a long period. Assuming rates won’t stay this low for a long period, I can’t imagine that was the right decision. Once the inventory is released a number of these new plans instated by our government, i.e. 105% loans, won’t make much of difference.

I must say it has been very interesting to watch!

[socrattt]

[quote=SD Realtor]Socratt I have given up trying to figure it out. The housing market is absolutely on fire right now and yes to me it does not make any sense. All I can say is that people are doing exactly what the government wants them to do. They are buying homes, they are buying into the stock market and pretty much just chugging along. I am not saying I have a clue what will happen because it seems impossible to be sustainable. However it is absolutely imperative to get some of this shadow inventory to get into the market because it is just crazy right now. [/quote]

SDR, it’s interesting because in one sense I can’t complain because my business is doing really well right now and there is much more cash on the table than there was a couple of months ago. On the other hand I wonder if we are being misinformed simply to keep US consumer spending moving which will in turn put a temporary float on the economic numbers.

I agree 100% that we need this inventory to start showing up on the market ASAP because it seems as though we could have an immediate impact to prices if these inventories hit the market in a 2-3 month period. I read some interesting numbers about the release of foreclosures supposedly hitting the market during the months of May and July, which would seem to have a pretty dramatic impact nationally.

I think it would have been a much smarter move for the banks to leak these ghost inventories sporadically rather than hold them for such a long period. Assuming rates won’t stay this low for a long period, I can’t imagine that was the right decision. Once the inventory is released a number of these new plans instated by our government, i.e. 105% loans, won’t make much of difference.

I must say it has been very interesting to watch!

[socrattt]

[quote=SD Realtor]Socratt I have given up trying to figure it out. The housing market is absolutely on fire right now and yes to me it does not make any sense. All I can say is that people are doing exactly what the government wants them to do. They are buying homes, they are buying into the stock market and pretty much just chugging along. I am not saying I have a clue what will happen because it seems impossible to be sustainable. However it is absolutely imperative to get some of this shadow inventory to get into the market because it is just crazy right now. [/quote]

SDR, it’s interesting because in one sense I can’t complain because my business is doing really well right now and there is much more cash on the table than there was a couple of months ago. On the other hand I wonder if we are being misinformed simply to keep US consumer spending moving which will in turn put a temporary float on the economic numbers.

I agree 100% that we need this inventory to start showing up on the market ASAP because it seems as though we could have an immediate impact to prices if these inventories hit the market in a 2-3 month period. I read some interesting numbers about the release of foreclosures supposedly hitting the market during the months of May and July, which would seem to have a pretty dramatic impact nationally.

I think it would have been a much smarter move for the banks to leak these ghost inventories sporadically rather than hold them for such a long period. Assuming rates won’t stay this low for a long period, I can’t imagine that was the right decision. Once the inventory is released a number of these new plans instated by our government, i.e. 105% loans, won’t make much of difference.

I must say it has been very interesting to watch!

[gverdi]

Our media is now mostly in the hands of our government. Printing money and buying futures in the stock market surely helped the government turn people perception about what is really happening lately.

Look around carefully: more unemployment, less corporate earnings, shrinking wages, state and local governments are essentially bankrupt, retail sales keeps shrinking, etc.

Feds are trying to reflate the economy by printing loads of money; will they succeed?

My answer: look at Japan over the last 10-15 years.
That’s the best case scenario for us.

So YES, it’s the calm before the storm. Get ready!

[gverdi]

Our media is now mostly in the hands of our government. Printing money and buying futures in the stock market surely helped the government turn people perception about what is really happening lately.

Look around carefully: more unemployment, less corporate earnings, shrinking wages, state and local governments are essentially bankrupt, retail sales keeps shrinking, etc.

Feds are trying to reflate the economy by printing loads of money; will they succeed?

My answer: look at Japan over the last 10-15 years.
That’s the best case scenario for us.

So YES, it’s the calm before the storm. Get ready!

[gverdi]

Our media is now mostly in the hands of our government. Printing money and buying futures in the stock market surely helped the government turn people perception about what is really happening lately.

Look around carefully: more unemployment, less corporate earnings, shrinking wages, state and local governments are essentially bankrupt, retail sales keeps shrinking, etc.

Feds are trying to reflate the economy by printing loads of money; will they succeed?

My answer: look at Japan over the last 10-15 years.
That’s the best case scenario for us.

So YES, it’s the calm before the storm. Get ready!

[gverdi]

Our media is now mostly in the hands of our government. Printing money and buying futures in the stock market surely helped the government turn people perception about what is really happening lately.

Look around carefully: more unemployment, less corporate earnings, shrinking wages, state and local governments are essentially bankrupt, retail sales keeps shrinking, etc.

Feds are trying to reflate the economy by printing loads of money; will they succeed?

My answer: look at Japan over the last 10-15 years.
That’s the best case scenario for us.

So YES, it’s the calm before the storm. Get ready!

[gverdi]

Our media is now mostly in the hands of our government. Printing money and buying futures in the stock market surely helped the government turn people perception about what is really happening lately.

Look around carefully: more unemployment, less corporate earnings, shrinking wages, state and local governments are essentially bankrupt, retail sales keeps shrinking, etc.

Feds are trying to reflate the economy by printing loads of money; will they succeed?

My answer: look at Japan over the last 10-15 years.
That’s the best case scenario for us.

So YES, it’s the calm before the storm. Get ready!

[blahblahblah]

There are lots of people in the restaurants here downtown and the condos are all still overpriced.

However there are new tent communities springing up everyday, and the people in them don’t look like the homeless I’m used to seeing down here (and I’ve lived here since 2001). More young people, more families with children.

So maybe everything is still peachy and these people were already living in tents but have relocated from somewhere else. Or maybe not. All I know is you won’t get the real answer from the media…

[blahblahblah]

There are lots of people in the restaurants here downtown and the condos are all still overpriced.

However there are new tent communities springing up everyday, and the people in them don’t look like the homeless I’m used to seeing down here (and I’ve lived here since 2001). More young people, more families with children.

So maybe everything is still peachy and these people were already living in tents but have relocated from somewhere else. Or maybe not. All I know is you won’t get the real answer from the media…

[blahblahblah]

There are lots of people in the restaurants here downtown and the condos are all still overpriced.

However there are new tent communities springing up everyday, and the people in them don’t look like the homeless I’m used to seeing down here (and I’ve lived here since 2001). More young people, more families with children.

So maybe everything is still peachy and these people were already living in tents but have relocated from somewhere else. Or maybe not. All I know is you won’t get the real answer from the media…

[blahblahblah]

There are lots of people in the restaurants here downtown and the condos are all still overpriced.

However there are new tent communities springing up everyday, and the people in them don’t look like the homeless I’m used to seeing down here (and I’ve lived here since 2001). More young people, more families with children.

So maybe everything is still peachy and these people were already living in tents but have relocated from somewhere else. Or maybe not. All I know is you won’t get the real answer from the media…

[Author]

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