Question for all of the Nostradamus’s on here

[Alex_angel]

Over the last few weeks I have seen a lot of Nostradamus’s pop up. What makes me laugh are people that say, wait until 2012 for the bottom, or homes will be 30% cheaper next year. Where are you guys getting your predictions from? Did any of you predict the house increase from 2001-2005? Why all of a sudden are some of you pulling these dates out of thin air?

Most if not anyone on this site can predict what next month will bring. Sure we all know housing is going to go down. But to where? How fast? How long?

For those of you so certain that you know that 2012 is the bottom of the boom can you do me a favor and email me next weeks winning Lotto numbers and maybe the winner of the Pacific Classic?

thanks
(but you probably already knew I was going to say this)

[TheBreeze]

These predictions aren’t being pulled out of thin air. Piggingtonians are using the available data to make predictions — number of ARM resets, income levels, current interest rate and what have you. Is anyone going to be able to predict the exact bottom? Probably not many, but it looks like a good bet that the market is going to be lower next year than it is this year.

All one can really do is use the data to make estimates based on probabilities. If you think the time to buy is now and that prices will soon shoot up again then go for it. You can come back in laugh in all our faces next year after your house has doubled in value.

[TheBreeze]

These predictions aren’t being pulled out of thin air. Piggingtonians are using the available data to make predictions — number of ARM resets, income levels, current interest rate and what have you. Is anyone going to be able to predict the exact bottom? Probably not many, but it looks like a good bet that the market is going to be lower next year than it is this year.

All one can really do is use the data to make estimates based on probabilities. If you think the time to buy is now and that prices will soon shoot up again then go for it. You can come back in laugh in all our faces next year after your house has doubled in value.

[TheBreeze]

These predictions aren’t being pulled out of thin air. Piggingtonians are using the available data to make predictions — number of ARM resets, income levels, current interest rate and what have you. Is anyone going to be able to predict the exact bottom? Probably not many, but it looks like a good bet that the market is going to be lower next year than it is this year.

All one can really do is use the data to make estimates based on probabilities. If you think the time to buy is now and that prices will soon shoot up again then go for it. You can come back in laugh in all our faces next year after your house has doubled in value.

[lindismith]

Most of us on this forum (for the last few years I might add) have been asking your same questions.

We are all agreed the market has turned, and is headed down. The questions now are, for long, and how low. Lots of very smart people on here have answered many related questions, using very good data. This is called forecasting. It’s used all the time in business. Each week new data comes out that helps us revise these answers.

To answer your question about the run-up: yes, most of us did know the market would go up during that time period. What we didn’t know was for how long, and how high. I think it exceeded everyone’s imaginations.

I think you are just badgering us when asking for winning lotto numbers, no? In any case, here they are: 20, 12, 87, 92, 41, 43.

[lindismith]

Most of us on this forum (for the last few years I might add) have been asking your same questions.

We are all agreed the market has turned, and is headed down. The questions now are, for long, and how low. Lots of very smart people on here have answered many related questions, using very good data. This is called forecasting. It’s used all the time in business. Each week new data comes out that helps us revise these answers.

To answer your question about the run-up: yes, most of us did know the market would go up during that time period. What we didn’t know was for how long, and how high. I think it exceeded everyone’s imaginations.

I think you are just badgering us when asking for winning lotto numbers, no? In any case, here they are: 20, 12, 87, 92, 41, 43.

[lindismith]

Most of us on this forum (for the last few years I might add) have been asking your same questions.

We are all agreed the market has turned, and is headed down. The questions now are, for long, and how low. Lots of very smart people on here have answered many related questions, using very good data. This is called forecasting. It’s used all the time in business. Each week new data comes out that helps us revise these answers.

To answer your question about the run-up: yes, most of us did know the market would go up during that time period. What we didn’t know was for how long, and how high. I think it exceeded everyone’s imaginations.

I think you are just badgering us when asking for winning lotto numbers, no? In any case, here they are: 20, 12, 87, 92, 41, 43.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I see CountryWide going BK,

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I see CountryWide going BK,

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I see CountryWide going BK,

[Ex-SD]

It’s no skin off my butt whether you believe us or not………..but it can cost you a lot of money. Yes, I did predict the run-up that occurred. I went through the run-up in prices between 1988-1992 and the subsequent drop that happened after that. When things starting warming up in early 1998, I predicted that we were in for another run-up and by 2001, I told my friends that due to the rate that it was ramping up, it would probably have to blow up by 2005 or 2006 because nobody would be able to continue paying for the crazy mortgages that they were getting. We sold our house in early 2005, cashed out and left CA. I’m waiting for the mess to bottom out and then we’ll move back. If you look at all the facts and figures, it’s not hard to predict these things, especially if you’ve been through one before.

[Ex-SD]

It’s no skin off my butt whether you believe us or not………..but it can cost you a lot of money. Yes, I did predict the run-up that occurred. I went through the run-up in prices between 1988-1992 and the subsequent drop that happened after that. When things starting warming up in early 1998, I predicted that we were in for another run-up and by 2001, I told my friends that due to the rate that it was ramping up, it would probably have to blow up by 2005 or 2006 because nobody would be able to continue paying for the crazy mortgages that they were getting. We sold our house in early 2005, cashed out and left CA. I’m waiting for the mess to bottom out and then we’ll move back. If you look at all the facts and figures, it’s not hard to predict these things, especially if you’ve been through one before.

[Ex-SD]

It’s no skin off my butt whether you believe us or not………..but it can cost you a lot of money. Yes, I did predict the run-up that occurred. I went through the run-up in prices between 1988-1992 and the subsequent drop that happened after that. When things starting warming up in early 1998, I predicted that we were in for another run-up and by 2001, I told my friends that due to the rate that it was ramping up, it would probably have to blow up by 2005 or 2006 because nobody would be able to continue paying for the crazy mortgages that they were getting. We sold our house in early 2005, cashed out and left CA. I’m waiting for the mess to bottom out and then we’ll move back. If you look at all the facts and figures, it’s not hard to predict these things, especially if you’ve been through one before.

[Alex_angel]

CountryWide plus those banks like Wells and BofA will start rasing fees for ATMs, checking etc… to make back the money they have lost.

[Alex_angel]

CountryWide plus those banks like Wells and BofA will start rasing fees for ATMs, checking etc… to make back the money they have lost.

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