Meredith Whitney Sees More Trouble for Housing

[Huckleberry]

Good post SDR.

[paramount]

Who is buying houses right now? Primarily 1st time buyers, hedge funds and foreign investors – very few move up buyers.

If housing prices rise it will be partially caused by inflation.

For 1st timers it is almost a no brainer – low interest rates, $8000 credit, prices up to 50% off from the peak – it’s been a feeding frenzy. I have a feeling this frenzy is starting to fizzle out a bit though, particularly with the buying season winding down.

[paramount]

Who is buying houses right now? Primarily 1st time buyers, hedge funds and foreign investors – very few move up buyers.

If housing prices rise it will be partially caused by inflation.

For 1st timers it is almost a no brainer – low interest rates, $8000 credit, prices up to 50% off from the peak – it’s been a feeding frenzy. I have a feeling this frenzy is starting to fizzle out a bit though, particularly with the buying season winding down.

[paramount]

Who is buying houses right now? Primarily 1st time buyers, hedge funds and foreign investors – very few move up buyers.

If housing prices rise it will be partially caused by inflation.

For 1st timers it is almost a no brainer – low interest rates, $8000 credit, prices up to 50% off from the peak – it’s been a feeding frenzy. I have a feeling this frenzy is starting to fizzle out a bit though, particularly with the buying season winding down.

[paramount]

Who is buying houses right now? Primarily 1st time buyers, hedge funds and foreign investors – very few move up buyers.

If housing prices rise it will be partially caused by inflation.

For 1st timers it is almost a no brainer – low interest rates, $8000 credit, prices up to 50% off from the peak – it’s been a feeding frenzy. I have a feeling this frenzy is starting to fizzle out a bit though, particularly with the buying season winding down.

[paramount]

Who is buying houses right now? Primarily 1st time buyers, hedge funds and foreign investors – very few move up buyers.

If housing prices rise it will be partially caused by inflation.

For 1st timers it is almost a no brainer – low interest rates, $8000 credit, prices up to 50% off from the peak – it’s been a feeding frenzy. I have a feeling this frenzy is starting to fizzle out a bit though, particularly with the buying season winding down.

[sdrealtor]

I’m not gonna say there are thousands of move up buyers but there are alot more than you think just not the way you think of them. I see plenty of buyers in the mid range ($450 to $800K) that never bought during the bubble but who are buying now that prices are donw. I see long time owners taking the opporetunity to move up with lower prices and keeping there pre-2000 purchases as rental properties. Lastly I see relatively high income young dual wage earners ($150K to $300K) that bought small homes during the bubble who can qualify for a nice new big house and then walk away from the other. On the other side of the equation I dont see a hell of a lotta quality inventory in the move up category.

[sdrealtor]

I’m not gonna say there are thousands of move up buyers but there are alot more than you think just not the way you think of them. I see plenty of buyers in the mid range ($450 to $800K) that never bought during the bubble but who are buying now that prices are donw. I see long time owners taking the opporetunity to move up with lower prices and keeping there pre-2000 purchases as rental properties. Lastly I see relatively high income young dual wage earners ($150K to $300K) that bought small homes during the bubble who can qualify for a nice new big house and then walk away from the other. On the other side of the equation I dont see a hell of a lotta quality inventory in the move up category.

[sdrealtor]

I’m not gonna say there are thousands of move up buyers but there are alot more than you think just not the way you think of them. I see plenty of buyers in the mid range ($450 to $800K) that never bought during the bubble but who are buying now that prices are donw. I see long time owners taking the opporetunity to move up with lower prices and keeping there pre-2000 purchases as rental properties. Lastly I see relatively high income young dual wage earners ($150K to $300K) that bought small homes during the bubble who can qualify for a nice new big house and then walk away from the other. On the other side of the equation I dont see a hell of a lotta quality inventory in the move up category.

[sdrealtor]

I’m not gonna say there are thousands of move up buyers but there are alot more than you think just not the way you think of them. I see plenty of buyers in the mid range ($450 to $800K) that never bought during the bubble but who are buying now that prices are donw. I see long time owners taking the opporetunity to move up with lower prices and keeping there pre-2000 purchases as rental properties. Lastly I see relatively high income young dual wage earners ($150K to $300K) that bought small homes during the bubble who can qualify for a nice new big house and then walk away from the other. On the other side of the equation I dont see a hell of a lotta quality inventory in the move up category.

[sdrealtor]

I’m not gonna say there are thousands of move up buyers but there are alot more than you think just not the way you think of them. I see plenty of buyers in the mid range ($450 to $800K) that never bought during the bubble but who are buying now that prices are donw. I see long time owners taking the opporetunity to move up with lower prices and keeping there pre-2000 purchases as rental properties. Lastly I see relatively high income young dual wage earners ($150K to $300K) that bought small homes during the bubble who can qualify for a nice new big house and then walk away from the other. On the other side of the equation I dont see a hell of a lotta quality inventory in the move up category.

[temeculaguy]

I like Meredith, she’s made some good calls, she’s easy on the eyes, but she’s not at oracle status just yet. Her big pick the cnbc video praised her for was goldman sachs, up what 10%, c’mon, I can do that, show me something I don’t know, if she had picked citibank at theat time it would impress me as it has more than doubled, but then again she made her name by blowing the whistle on citi. She also married a professional wrester, recently. C- for judgment.

Meredith aside, ENRON is right, there is more in the headline of this thread about r/e than in all the linked info. I just watched a lengthy video and read a long article and the wki bio and 95% of it was not about R/E, when it was, there were lots of qualifiers and partial statements. I read her bio, she’s never really spent time analyzing r/e, she kinda punked case-shiller in the interview, those boys are our rock stars, ease off or bring it with some supporting data. I just don’t like it when someone dismisses a chart or indicator without explaining it in detail and without any number or percentages. She said something to the effect of: case shiller is up because of the loan mods, so ignore it cause they may not work. This would be a great time for a couple of supporting facts.

Maybe she will read this, this is the huge tip of the day. If you use a chart that goes in the direction you said it would or say it will, you don’t need to back that up so much, the chart will suffice (ie, she says goldman will go up, the chart backs her up, she says it will still go up, since the direction is up, no argument from me).

But when you say that something will go down yet the chart shows it going up, you need to bring in twice the supportive info because you are asking me to not believe my lying eyes, it’s posible to get me to believe something (I bought the shamwow, I swear I was drunk), but you need to talk me into it, facts work best.

[temeculaguy]

I like Meredith, she’s made some good calls, she’s easy on the eyes, but she’s not at oracle status just yet. Her big pick the cnbc video praised her for was goldman sachs, up what 10%, c’mon, I can do that, show me something I don’t know, if she had picked citibank at theat time it would impress me as it has more than doubled, but then again she made her name by blowing the whistle on citi. She also married a professional wrester, recently. C- for judgment.

Meredith aside, ENRON is right, there is more in the headline of this thread about r/e than in all the linked info. I just watched a lengthy video and read a long article and the wki bio and 95% of it was not about R/E, when it was, there were lots of qualifiers and partial statements. I read her bio, she’s never really spent time analyzing r/e, she kinda punked case-shiller in the interview, those boys are our rock stars, ease off or bring it with some supporting data. I just don’t like it when someone dismisses a chart or indicator without explaining it in detail and without any number or percentages. She said something to the effect of: case shiller is up because of the loan mods, so ignore it cause they may not work. This would be a great time for a couple of supporting facts.

Maybe she will read this, this is the huge tip of the day. If you use a chart that goes in the direction you said it would or say it will, you don’t need to back that up so much, the chart will suffice (ie, she says goldman will go up, the chart backs her up, she says it will still go up, since the direction is up, no argument from me).

But when you say that something will go down yet the chart shows it going up, you need to bring in twice the supportive info because you are asking me to not believe my lying eyes, it’s posible to get me to believe something (I bought the shamwow, I swear I was drunk), but you need to talk me into it, facts work best.

[temeculaguy]

I like Meredith, she’s made some good calls, she’s easy on the eyes, but she’s not at oracle status just yet. Her big pick the cnbc video praised her for was goldman sachs, up what 10%, c’mon, I can do that, show me something I don’t know, if she had picked citibank at theat time it would impress me as it has more than doubled, but then again she made her name by blowing the whistle on citi. She also married a professional wrester, recently. C- for judgment.

Meredith aside, ENRON is right, there is more in the headline of this thread about r/e than in all the linked info. I just watched a lengthy video and read a long article and the wki bio and 95% of it was not about R/E, when it was, there were lots of qualifiers and partial statements. I read her bio, she’s never really spent time analyzing r/e, she kinda punked case-shiller in the interview, those boys are our rock stars, ease off or bring it with some supporting data. I just don’t like it when someone dismisses a chart or indicator without explaining it in detail and without any number or percentages. She said something to the effect of: case shiller is up because of the loan mods, so ignore it cause they may not work. This would be a great time for a couple of supporting facts.

Maybe she will read this, this is the huge tip of the day. If you use a chart that goes in the direction you said it would or say it will, you don’t need to back that up so much, the chart will suffice (ie, she says goldman will go up, the chart backs her up, she says it will still go up, since the direction is up, no argument from me).

But when you say that something will go down yet the chart shows it going up, you need to bring in twice the supportive info because you are asking me to not believe my lying eyes, it’s posible to get me to believe something (I bought the shamwow, I swear I was drunk), but you need to talk me into it, facts work best.

[temeculaguy]

I like Meredith, she’s made some good calls, she’s easy on the eyes, but she’s not at oracle status just yet. Her big pick the cnbc video praised her for was goldman sachs, up what 10%, c’mon, I can do that, show me something I don’t know, if she had picked citibank at theat time it would impress me as it has more than doubled, but then again she made her name by blowing the whistle on citi. She also married a professional wrester, recently. C- for judgment.

Meredith aside, ENRON is right, there is more in the headline of this thread about r/e than in all the linked info. I just watched a lengthy video and read a long article and the wki bio and 95% of it was not about R/E, when it was, there were lots of qualifiers and partial statements. I read her bio, she’s never really spent time analyzing r/e, she kinda punked case-shiller in the interview, those boys are our rock stars, ease off or bring it with some supporting data. I just don’t like it when someone dismisses a chart or indicator without explaining it in detail and without any number or percentages. She said something to the effect of: case shiller is up because of the loan mods, so ignore it cause they may not work. This would be a great time for a couple of supporting facts.

Maybe she will read this, this is the huge tip of the day. If you use a chart that goes in the direction you said it would or say it will, you don’t need to back that up so much, the chart will suffice (ie, she says goldman will go up, the chart backs her up, she says it will still go up, since the direction is up, no argument from me).

But when you say that something will go down yet the chart shows it going up, you need to bring in twice the supportive info because you are asking me to not believe my lying eyes, it’s posible to get me to believe something (I bought the shamwow, I swear I was drunk), but you need to talk me into it, facts work best.

[Author]

Posts