Mr.Mortgage predicts two bottoms…

[Anonymous]

Interesting string tonight. I dont usually comment, but have over the years now and again. Personally, i like Mr Mortgage. He’s entertaining, sort of like Jim Cramer. Im not buying from either of them, so i dont need to trust them 🙂

SD realtor has been pretty solid over the years. Doesnt really matter how right, right is. Sensible informed decisions while knowing the risks. There are always risks.

The one thing i’d say about Mr Mortgage’s math this time around…. he states that folks renting are now buying, so there are no move up buyers. Isnt it basically just musical chairs of the foreclosure folks. Either they buy their own house back, or move into the apartment where the folks who bought their home used to live. My point is, the lack of move up buyer is due to the lack of equity coupled with sane lending standards, not the foreclosures or whom is buying.

The end result is still the same, and i think we all agree, high end prices in LaJolla and Coronado are going to crash. Price disparity, higher interest rates, lack of move up buyer, credit crunch, job losses. Take your pick. Any / all.

Ok, my 2 cents are in…..as you were…..

J

[Anonymous]

j

[Anonymous]

j

[Anonymous]

j

[Anonymous]

j

[Anonymous]

j

[PadreBrian]

I think there has been a few of us here that said starter home and the commuting burbs will bottom first. Period. So no news there.

As far as the doomsayers trying to cover up bad predictions…lol, get over it, the market will take a break this winter. Maybe another 5-10% off…but for 1980’s prices…No. Inflation from the last 30 years have seen to that.

[PadreBrian]

I think there has been a few of us here that said starter home and the commuting burbs will bottom first. Period. So no news there.

As far as the doomsayers trying to cover up bad predictions…lol, get over it, the market will take a break this winter. Maybe another 5-10% off…but for 1980’s prices…No. Inflation from the last 30 years have seen to that.

[PadreBrian]

I think there has been a few of us here that said starter home and the commuting burbs will bottom first. Period. So no news there.

As far as the doomsayers trying to cover up bad predictions…lol, get over it, the market will take a break this winter. Maybe another 5-10% off…but for 1980’s prices…No. Inflation from the last 30 years have seen to that.

[PadreBrian]

I think there has been a few of us here that said starter home and the commuting burbs will bottom first. Period. So no news there.

As far as the doomsayers trying to cover up bad predictions…lol, get over it, the market will take a break this winter. Maybe another 5-10% off…but for 1980’s prices…No. Inflation from the last 30 years have seen to that.

[PadreBrian]

I think there has been a few of us here that said starter home and the commuting burbs will bottom first. Period. So no news there.

As far as the doomsayers trying to cover up bad predictions…lol, get over it, the market will take a break this winter. Maybe another 5-10% off…but for 1980’s prices…No. Inflation from the last 30 years have seen to that.

[SD Realtor]

Just to weigh in here, I guess I don’t get much value in what Mr Mortgage has to say verses what I have read here and even posted here. Show me who out of the more level headed posted has not said high end was not in for more trouble.

I cannot even remember how many times I have posted about the bottoms not being equal, about how they will be skewed across housing types and locations. About how I viewed the market as more schizophrenic with much more choppiness and being particularly susceptible to future interest rate hikes into the future.

I am sorry but I just don’t see anything new or novel about the latest Mr Mortgage posting. I am not knocking the guy, I just dont see anything that is news to me.

[SD Realtor]

Just to weigh in here, I guess I don’t get much value in what Mr Mortgage has to say verses what I have read here and even posted here. Show me who out of the more level headed posted has not said high end was not in for more trouble.

I cannot even remember how many times I have posted about the bottoms not being equal, about how they will be skewed across housing types and locations. About how I viewed the market as more schizophrenic with much more choppiness and being particularly susceptible to future interest rate hikes into the future.

I am sorry but I just don’t see anything new or novel about the latest Mr Mortgage posting. I am not knocking the guy, I just dont see anything that is news to me.

[SD Realtor]

Just to weigh in here, I guess I don’t get much value in what Mr Mortgage has to say verses what I have read here and even posted here. Show me who out of the more level headed posted has not said high end was not in for more trouble.

I cannot even remember how many times I have posted about the bottoms not being equal, about how they will be skewed across housing types and locations. About how I viewed the market as more schizophrenic with much more choppiness and being particularly susceptible to future interest rate hikes into the future.

I am sorry but I just don’t see anything new or novel about the latest Mr Mortgage posting. I am not knocking the guy, I just dont see anything that is news to me.

[SD Realtor]

Just to weigh in here, I guess I don’t get much value in what Mr Mortgage has to say verses what I have read here and even posted here. Show me who out of the more level headed posted has not said high end was not in for more trouble.

I cannot even remember how many times I have posted about the bottoms not being equal, about how they will be skewed across housing types and locations. About how I viewed the market as more schizophrenic with much more choppiness and being particularly susceptible to future interest rate hikes into the future.

I am sorry but I just don’t see anything new or novel about the latest Mr Mortgage posting. I am not knocking the guy, I just dont see anything that is news to me.

[Author]

Posts