My Idea of Bottom

[waiting hawk]

People always wonder when a bottom is going to come in. It is not as hard as much think as the past will guide us into the future on a few items. After reading the S&L 90 page pdf bail out and a few other observations I would like to tell you when I will be buying as a few things will have to play out first.

1. People keep wondering why banks don’t just drop the price and sell the foreclosures. THEY CANT. Banks do not have the capital to take these loses onto their books as they would become totally insolvent. The government will ultimately step in and physically take these foreclosures off their sheets for them at the expense of the taxpayers. It is the only option I can foresee coming in the future. This is not new as they did the same in the 90’s with fewer amounts of foreclosed homes.

2. With the economy tanking and contracting further, the government via HUD will expand their revitalization areas to allow teachers, fire depts., and police officers the ability to buy the added HUD homes for 50% off. They currently have this program but it will ultimately be expanded. Additional HUD programs to get Americans to gain “The American Dream” will also expand with grants and loans that will need lower down payments

3. Watch foreclosures over a 6 month time frame. Home values do not have a prayer of rising in price if foreclosures continue to mount

4. From the last bubble if you bought in 1997vs 1995 you not only could’ve seen the bottom you would have not paid very much in price as values do not double within a year like most idiots believe 😉

5. Lastly a bottom gets worked in when everyone stops talking about it. At the top of the tech bubble the Nasdaq was over 5048.62. At 4000 we hit a bottom, then at 3000 we hit a bottom, then nobody paid attention or talked about it and it settled below half the original peak at 1,114.11 on Oct. 9, 2002. The Nasdaq had lost 78 percent of its value. The Nasdaq hung around 2000 for years after while nobody dared discussed buying into it. Same as after the 90’s housing bubble or the tech bubble, you would have lost more buying into the down than buying into the slow rise.

Just a little something for you all to ponder over 😉 Take it easy guys.

[patientlywaiting]

I agree with you waiting hawk. I would not buy anything at least until the recession has been declared AND we see some bank failures.

Small banks are hurting right now with construction loan defaults. They will go bankrupt by the dozens.

[patientlywaiting]

I agree with you waiting hawk. I would not buy anything at least until the recession has been declared AND we see some bank failures.

Small banks are hurting right now with construction loan defaults. They will go bankrupt by the dozens.

[patientlywaiting]

I agree with you waiting hawk. I would not buy anything at least until the recession has been declared AND we see some bank failures.

Small banks are hurting right now with construction loan defaults. They will go bankrupt by the dozens.

[patientlywaiting]

I agree with you waiting hawk. I would not buy anything at least until the recession has been declared AND we see some bank failures.

Small banks are hurting right now with construction loan defaults. They will go bankrupt by the dozens.

[patientlywaiting]

I agree with you waiting hawk. I would not buy anything at least until the recession has been declared AND we see some bank failures.

Small banks are hurting right now with construction loan defaults. They will go bankrupt by the dozens.

[Anonymous]

Completely agree.

values do not double within a year like most idiots believe

you would have lost more buying into the down than buying into the slow rise.

I keep trying to explain this to people. That they’re not going to “miss the bottom”. A few percent here or there for not perfectly timing a bottom is not a big deal; but catching a falling knife is.

[Anonymous]

Completely agree.

values do not double within a year like most idiots believe

you would have lost more buying into the down than buying into the slow rise.

I keep trying to explain this to people. That they’re not going to “miss the bottom”. A few percent here or there for not perfectly timing a bottom is not a big deal; but catching a falling knife is.

[Anonymous]

Completely agree.

values do not double within a year like most idiots believe

you would have lost more buying into the down than buying into the slow rise.

I keep trying to explain this to people. That they’re not going to “miss the bottom”. A few percent here or there for not perfectly timing a bottom is not a big deal; but catching a falling knife is.

[Anonymous]

Completely agree.

values do not double within a year like most idiots believe

you would have lost more buying into the down than buying into the slow rise.

I keep trying to explain this to people. That they’re not going to “miss the bottom”. A few percent here or there for not perfectly timing a bottom is not a big deal; but catching a falling knife is.

[Anonymous]

Completely agree.

values do not double within a year like most idiots believe

you would have lost more buying into the down than buying into the slow rise.

I keep trying to explain this to people. That they’re not going to “miss the bottom”. A few percent here or there for not perfectly timing a bottom is not a big deal; but catching a falling knife is.

[(former)FormerSanDiegan]

My idea of an ideal Bottom is J.Lo’s or Beyonce’s behind.

As for housing, I would tend to agree with Waiting Hawk here. It has to appear to get worse and some players must capitulate (bank failures). Also, buying within a few years after the bottom does probably will not matter that much.

[(former)FormerSanDiegan]

My idea of an ideal Bottom is J.Lo’s or Beyonce’s behind.

As for housing, I would tend to agree with Waiting Hawk here. It has to appear to get worse and some players must capitulate (bank failures). Also, buying within a few years after the bottom does probably will not matter that much.

[(former)FormerSanDiegan]

My idea of an ideal Bottom is J.Lo’s or Beyonce’s behind.

As for housing, I would tend to agree with Waiting Hawk here. It has to appear to get worse and some players must capitulate (bank failures). Also, buying within a few years after the bottom does probably will not matter that much.

[(former)FormerSanDiegan]

My idea of an ideal Bottom is J.Lo’s or Beyonce’s behind.

As for housing, I would tend to agree with Waiting Hawk here. It has to appear to get worse and some players must capitulate (bank failures). Also, buying within a few years after the bottom does probably will not matter that much.

[Author]

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