In this interview, Robert Shiller, of the Case-Shiller housing index, sees prices not bottoming out until as late as 2012. As he points out, speaking as a historian, it seems unlikely that this could bottom out in a couple years – historical evidence points to the contrary. He also points out that we are coming off the biggest housing boom in US history, perhaps world history. How can people possibly think this will shake out in a mere two or three years?
Hopefully all the housing ATM money for HELOCs will have dried up by then and foreclosures skyrocket and one can get a decent home with 20% down and good credit.
Hopefully all the housing ATM money for HELOCs will have dried up by then and foreclosures skyrocket and one can get a decent home with 20% down and good credit.
Hopefully all the housing ATM money for HELOCs will have dried up by then and foreclosures skyrocket and one can get a decent home with 20% down and good credit.
Hopefully all the housing ATM money for HELOCs will have dried up by then and foreclosures skyrocket and one can get a decent home with 20% down and good credit.
Hopefully all the housing ATM money for HELOCs will have dried up by then and foreclosures skyrocket and one can get a decent home with 20% down and good credit.
I think I will take this as gospel and assume the bottom will occur in 2012. By then my assets will be well into the 7 digits and I will easily be able to pay cash for an inflation adjusted correctly priced home. Now I can relax while I rent. The assumption appears reasonable and just as good as any other assumption.
I think I will take this as gospel and assume the bottom will occur in 2012. By then my assets will be well into the 7 digits and I will easily be able to pay cash for an inflation adjusted correctly priced home. Now I can relax while I rent. The assumption appears reasonable and just as good as any other assumption.
I think I will take this as gospel and assume the bottom will occur in 2012. By then my assets will be well into the 7 digits and I will easily be able to pay cash for an inflation adjusted correctly priced home. Now I can relax while I rent. The assumption appears reasonable and just as good as any other assumption.
I think I will take this as gospel and assume the bottom will occur in 2012. By then my assets will be well into the 7 digits and I will easily be able to pay cash for an inflation adjusted correctly priced home. Now I can relax while I rent. The assumption appears reasonable and just as good as any other assumption.
I think I will take this as gospel and assume the bottom will occur in 2012. By then my assets will be well into the 7 digits and I will easily be able to pay cash for an inflation adjusted correctly priced home. Now I can relax while I rent. The assumption appears reasonable and just as good as any other assumption.
I’m not sure I’ll wait quite that long, but watching this thing unfold, it’s a bit like lava flow; some get’s snagged on the way down, while the rest flows freely to the bottom. I guess 2012 is when it’s all solidified.
I’m not sure I’ll wait quite that long, but watching this thing unfold, it’s a bit like lava flow; some get’s snagged on the way down, while the rest flows freely to the bottom. I guess 2012 is when it’s all solidified.
I’m not sure I’ll wait quite that long, but watching this thing unfold, it’s a bit like lava flow; some get’s snagged on the way down, while the rest flows freely to the bottom. I guess 2012 is when it’s all solidified.
I’m not sure I’ll wait quite that long, but watching this thing unfold, it’s a bit like lava flow; some get’s snagged on the way down, while the rest flows freely to the bottom. I guess 2012 is when it’s all solidified.
