Are Piggington’s best days behind it?

[Nor-LA-SD-guy]

[quote=CA renter]

Here’s my prediction: from now until Q3 2010, we will see fairly stable to rising markets, both in housing and stocks. They will say Q3 2009 saw the end of the recession.

As we progress through fall of 2010, it will become evident that the “recovery” is really just the result of monetary and fiscal manupulations. People will still be afraid of losing their jobs, and try as they might, the pumping will do little to repair the cracks in the foundation of our economy. At that point, we see the next leg down in the housing and stock markets (but we’ll probably see 10,000+ on the DOW and 1,100 on the S&P before then).[/quote]

The few issue I have with this prediction

1) The Stimulus if I understand it correctly is designed to be allocated over then next three to five years, so it will last longer than 2010-11
(I think that is it’s main problem by the way, it’s going to be too slow to do much good so why bother, it’s really mostly social engineering anyway, good if you live in the inner city type stuff).

2) The rate we (the U.S.A.) are not consuming (everything cars, computers, even homes etc…) is completely unsustainable just as much as the bubble was, so just getting back to normal consumption will take us 70% of the way back to recovery.

I will add one more:

3) Once the banks think (or are fairly confident) that RE has hit bottom and has not a lot of possible downward surprise left) Credit will start to flow a lot more easily (no one wants to lend against a depreciating asset, not even the Gov.)

[jpinpb]

I saw an interesting show on The History Channel last night. I guess it’s been on before and it was a repeat. It was called Crash: The Next Great Depression. It compared now to then. Most stuff we know, a few things I wasn’t aware. In Ohio 23 home loans were made to deceased. Also, I was not aware that back then the government also had a stimulus package and that did nothing. And then they got taxed big time (stand by for that to happen) Of course, we know the war ended up pulling people out of the depression. It was a good comparison, even the Roaring 20’s to the real estate boom.

[jpinpb]

I saw an interesting show on The History Channel last night. I guess it’s been on before and it was a repeat. It was called Crash: The Next Great Depression. It compared now to then. Most stuff we know, a few things I wasn’t aware. In Ohio 23 home loans were made to deceased. Also, I was not aware that back then the government also had a stimulus package and that did nothing. And then they got taxed big time (stand by for that to happen) Of course, we know the war ended up pulling people out of the depression. It was a good comparison, even the Roaring 20’s to the real estate boom.

[jpinpb]

I saw an interesting show on The History Channel last night. I guess it’s been on before and it was a repeat. It was called Crash: The Next Great Depression. It compared now to then. Most stuff we know, a few things I wasn’t aware. In Ohio 23 home loans were made to deceased. Also, I was not aware that back then the government also had a stimulus package and that did nothing. And then they got taxed big time (stand by for that to happen) Of course, we know the war ended up pulling people out of the depression. It was a good comparison, even the Roaring 20’s to the real estate boom.

[jpinpb]

I saw an interesting show on The History Channel last night. I guess it’s been on before and it was a repeat. It was called Crash: The Next Great Depression. It compared now to then. Most stuff we know, a few things I wasn’t aware. In Ohio 23 home loans were made to deceased. Also, I was not aware that back then the government also had a stimulus package and that did nothing. And then they got taxed big time (stand by for that to happen) Of course, we know the war ended up pulling people out of the depression. It was a good comparison, even the Roaring 20’s to the real estate boom.

[jpinpb]

I saw an interesting show on The History Channel last night. I guess it’s been on before and it was a repeat. It was called Crash: The Next Great Depression. It compared now to then. Most stuff we know, a few things I wasn’t aware. In Ohio 23 home loans were made to deceased. Also, I was not aware that back then the government also had a stimulus package and that did nothing. And then they got taxed big time (stand by for that to happen) Of course, we know the war ended up pulling people out of the depression. It was a good comparison, even the Roaring 20’s to the real estate boom.

[Rich Toscano]

Thanks for the kind words CAR and others. To the OP: Perhaps it will become more exciting once real estate is closer to bottoming out… that will certainly give us all plenty to argue about.

But I agree we will probably never re-capture the “excitement” of being a popular bulwark against a huge, once-in-a-lifetime speculative mania. But life goes on, and the site can morph into something that is still valuable, if less controversial.

Rich

[Rich Toscano]

Thanks for the kind words CAR and others. To the OP: Perhaps it will become more exciting once real estate is closer to bottoming out… that will certainly give us all plenty to argue about.

But I agree we will probably never re-capture the “excitement” of being a popular bulwark against a huge, once-in-a-lifetime speculative mania. But life goes on, and the site can morph into something that is still valuable, if less controversial.

Rich

[Rich Toscano]

Thanks for the kind words CAR and others. To the OP: Perhaps it will become more exciting once real estate is closer to bottoming out… that will certainly give us all plenty to argue about.

But I agree we will probably never re-capture the “excitement” of being a popular bulwark against a huge, once-in-a-lifetime speculative mania. But life goes on, and the site can morph into something that is still valuable, if less controversial.

Rich

[Rich Toscano]

Thanks for the kind words CAR and others. To the OP: Perhaps it will become more exciting once real estate is closer to bottoming out… that will certainly give us all plenty to argue about.

But I agree we will probably never re-capture the “excitement” of being a popular bulwark against a huge, once-in-a-lifetime speculative mania. But life goes on, and the site can morph into something that is still valuable, if less controversial.

Rich

[Rich Toscano]

Thanks for the kind words CAR and others. To the OP: Perhaps it will become more exciting once real estate is closer to bottoming out… that will certainly give us all plenty to argue about.

But I agree we will probably never re-capture the “excitement” of being a popular bulwark against a huge, once-in-a-lifetime speculative mania. But life goes on, and the site can morph into something that is still valuable, if less controversial.

Rich

[peterb]

This is why they call them “depressions”. Watching the slow, methodical decline of something gets rather tiresome. Humans are hopeful, so this is depressing to us.
I still remember,very well, the RE decline from 1990 to 1996. By about 1994, no one wanted to talk about RE at all!! Boring, go nowhere, subject. It looks like we’re headed there about now. Two or three years into a decline and people start to lose interest. It’s very normal.

[peterb]

This is why they call them “depressions”. Watching the slow, methodical decline of something gets rather tiresome. Humans are hopeful, so this is depressing to us.
I still remember,very well, the RE decline from 1990 to 1996. By about 1994, no one wanted to talk about RE at all!! Boring, go nowhere, subject. It looks like we’re headed there about now. Two or three years into a decline and people start to lose interest. It’s very normal.

[peterb]

This is why they call them “depressions”. Watching the slow, methodical decline of something gets rather tiresome. Humans are hopeful, so this is depressing to us.
I still remember,very well, the RE decline from 1990 to 1996. By about 1994, no one wanted to talk about RE at all!! Boring, go nowhere, subject. It looks like we’re headed there about now. Two or three years into a decline and people start to lose interest. It’s very normal.

[peterb]

This is why they call them “depressions”. Watching the slow, methodical decline of something gets rather tiresome. Humans are hopeful, so this is depressing to us.
I still remember,very well, the RE decline from 1990 to 1996. By about 1994, no one wanted to talk about RE at all!! Boring, go nowhere, subject. It looks like we’re headed there about now. Two or three years into a decline and people start to lose interest. It’s very normal.

[Author]

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