Market Moving 2 4Closures

[cr]

Rent’s have gone up because prices have gone up, but they’re still not as out of whack as prices. I think we’re reaching the point (due to layoffs, living expenses, over-crowding, and demographic conditions) where we will see population declines, rent declines, and further price drops.

The psychological benefits of a home I would argue are most often imagined by those who have never owned. I used to think I was saavy because I didn’t want to throw money out the window by renting. I couldn’t be happier renting.

Foreclosures typically go for market value, not necessarily 50% below the FSBO down the street. Think of them as incremental corrections to inflated prices. And with an unprecedented number of them, and more on the way, prices will fall for a long time.

[pencilneck]

As the psychological tide shifts on the housing market, I don’t think that people are likely be willing to overpay for the priveledge of home ownership. In fact, in years to come I believe that many will be willing to overpay for the relative flexibility and safety of renting.

Fear and greed are powerful forces. And “psychology” pushes both ways.

[pencilneck]

As the psychological tide shifts on the housing market, I don’t think that people are likely be willing to overpay for the priveledge of home ownership. In fact, in years to come I believe that many will be willing to overpay for the relative flexibility and safety of renting.

Fear and greed are powerful forces. And “psychology” pushes both ways.

[pencilneck]

As the psychological tide shifts on the housing market, I don’t think that people are likely be willing to overpay for the priveledge of home ownership. In fact, in years to come I believe that many will be willing to overpay for the relative flexibility and safety of renting.

Fear and greed are powerful forces. And “psychology” pushes both ways.

[pencilneck]

As the psychological tide shifts on the housing market, I don’t think that people are likely be willing to overpay for the priveledge of home ownership. In fact, in years to come I believe that many will be willing to overpay for the relative flexibility and safety of renting.

Fear and greed are powerful forces. And “psychology” pushes both ways.

[pencilneck]

As the psychological tide shifts on the housing market, I don’t think that people are likely be willing to overpay for the priveledge of home ownership. In fact, in years to come I believe that many will be willing to overpay for the relative flexibility and safety of renting.

Fear and greed are powerful forces. And “psychology” pushes both ways.

[stpiermj]

BZ. Bulls eye.

[stpiermj]

BZ. Bulls eye.

[stpiermj]

BZ. Bulls eye.

[stpiermj]

BZ. Bulls eye.

[stpiermj]

BZ. Bulls eye.

[DaCounselor]

I would tend to agree with iseedots on this. Addressing psychology, I think there is an overall underlying sentiment on the part of most folks that is pro-homeownership. At this particular point in time that underlying sentiment may be overlaid with a psychology of caution and restraint due to the market conditions, but as prices fall the underlying desire to buy will emerge, at different points in time for different people.

I was around and a homeowner during the last real estate (and overall economic) downturn last decade and the prevailing concern then, in my opinion, was regarding jobs and the economy. I recall no negative sentiment toward real estate in the sense of “real estate is a terrible investment.” In fact, there was a general consensus among smart money folks that SD real estate was a sound investment and that we would see real estate prices rise substantially out of the recession. That being said, I don’t think it is too helpful to look back at those days inasmuch as we have a completely different scenario confronting us in the current market.

[DaCounselor]

I would tend to agree with iseedots on this. Addressing psychology, I think there is an overall underlying sentiment on the part of most folks that is pro-homeownership. At this particular point in time that underlying sentiment may be overlaid with a psychology of caution and restraint due to the market conditions, but as prices fall the underlying desire to buy will emerge, at different points in time for different people.

I was around and a homeowner during the last real estate (and overall economic) downturn last decade and the prevailing concern then, in my opinion, was regarding jobs and the economy. I recall no negative sentiment toward real estate in the sense of “real estate is a terrible investment.” In fact, there was a general consensus among smart money folks that SD real estate was a sound investment and that we would see real estate prices rise substantially out of the recession. That being said, I don’t think it is too helpful to look back at those days inasmuch as we have a completely different scenario confronting us in the current market.

[DaCounselor]

I would tend to agree with iseedots on this. Addressing psychology, I think there is an overall underlying sentiment on the part of most folks that is pro-homeownership. At this particular point in time that underlying sentiment may be overlaid with a psychology of caution and restraint due to the market conditions, but as prices fall the underlying desire to buy will emerge, at different points in time for different people.

I was around and a homeowner during the last real estate (and overall economic) downturn last decade and the prevailing concern then, in my opinion, was regarding jobs and the economy. I recall no negative sentiment toward real estate in the sense of “real estate is a terrible investment.” In fact, there was a general consensus among smart money folks that SD real estate was a sound investment and that we would see real estate prices rise substantially out of the recession. That being said, I don’t think it is too helpful to look back at those days inasmuch as we have a completely different scenario confronting us in the current market.

[DaCounselor]

I would tend to agree with iseedots on this. Addressing psychology, I think there is an overall underlying sentiment on the part of most folks that is pro-homeownership. At this particular point in time that underlying sentiment may be overlaid with a psychology of caution and restraint due to the market conditions, but as prices fall the underlying desire to buy will emerge, at different points in time for different people.

I was around and a homeowner during the last real estate (and overall economic) downturn last decade and the prevailing concern then, in my opinion, was regarding jobs and the economy. I recall no negative sentiment toward real estate in the sense of “real estate is a terrible investment.” In fact, there was a general consensus among smart money folks that SD real estate was a sound investment and that we would see real estate prices rise substantially out of the recession. That being said, I don’t think it is too helpful to look back at those days inasmuch as we have a completely different scenario confronting us in the current market.

[Author]

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