Mortgage broker predicts further collapse in housing

[4plexowner]

“people tend to shy away from that which has most recently burned them”

your mild statement is true for mild situations

after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION

[Diego Mamani]

[quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.

[Diego Mamani]

[quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.

[Diego Mamani]

[quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.

[Diego Mamani]

[quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.

[Diego Mamani]

[quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.

[Nor-LA-SD-guy]

[quote=Diego Mamani][quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.[/quote]

I would say that by mid 1999 they were already buying and biding homes up in the L.A. area, but it was mostly pent up demand at that point, and a lot of boomers were looking for move up homes having grown tired of the first starter homes as well.
Then by 2002 there started to be a move up anxiety/envy thing happening.
Personally I think by 2015 we will be back to where we were in 1999 in the cycle.

[Nor-LA-SD-guy]

[quote=Diego Mamani][quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.[/quote]

I would say that by mid 1999 they were already buying and biding homes up in the L.A. area, but it was mostly pent up demand at that point, and a lot of boomers were looking for move up homes having grown tired of the first starter homes as well.
Then by 2002 there started to be a move up anxiety/envy thing happening.
Personally I think by 2015 we will be back to where we were in 1999 in the cycle.

[Nor-LA-SD-guy]

[quote=Diego Mamani][quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.[/quote]

I would say that by mid 1999 they were already buying and biding homes up in the L.A. area, but it was mostly pent up demand at that point, and a lot of boomers were looking for move up homes having grown tired of the first starter homes as well.
Then by 2002 there started to be a move up anxiety/envy thing happening.
Personally I think by 2015 we will be back to where we were in 1999 in the cycle.

[Nor-LA-SD-guy]

[quote=Diego Mamani][quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.[/quote]

I would say that by mid 1999 they were already buying and biding homes up in the L.A. area, but it was mostly pent up demand at that point, and a lot of boomers were looking for move up homes having grown tired of the first starter homes as well.
Then by 2002 there started to be a move up anxiety/envy thing happening.
Personally I think by 2015 we will be back to where we were in 1999 in the cycle.

[Nor-LA-SD-guy]

[quote=Diego Mamani][quote=4plexowner]after a bubble bursts, history says that people will stay away from the deflated asset class FOR A FULL GENERATION[/quote]

After the prior bubble burst in So Cal, people saw prices decline from 1990 to 1996 or 1997. But by 2002 people were already buying real estate “because it’s a great investment.” A mere 12 years had elapsed.[/quote]

I would say that by mid 1999 they were already buying and biding homes up in the L.A. area, but it was mostly pent up demand at that point, and a lot of boomers were looking for move up homes having grown tired of the first starter homes as well.
Then by 2002 there started to be a move up anxiety/envy thing happening.
Personally I think by 2015 we will be back to where we were in 1999 in the cycle.

[4plexowner]

you are implying that the ‘prior bubble’ is comparable to the bubble that just burst

it was not as measured by any number of metrics

we have typical southern CA real estate cycles and then we have financial bubbles

don’t confuse the two

[4plexowner]

you are implying that the ‘prior bubble’ is comparable to the bubble that just burst

it was not as measured by any number of metrics

we have typical southern CA real estate cycles and then we have financial bubbles

don’t confuse the two

[4plexowner]

you are implying that the ‘prior bubble’ is comparable to the bubble that just burst

it was not as measured by any number of metrics

we have typical southern CA real estate cycles and then we have financial bubbles

don’t confuse the two

[4plexowner]

you are implying that the ‘prior bubble’ is comparable to the bubble that just burst

it was not as measured by any number of metrics

we have typical southern CA real estate cycles and then we have financial bubbles

don’t confuse the two

[Author]

Posts