- This topic has 400 replies, 23 voices, and was last updated 16 years, 6 months ago by CA renter.
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March 26, 2008 at 9:05 AM #176801March 26, 2008 at 9:52 AM #176388hipmattParticipant
OK Rustico, I have your words before me. The largest and longest RE bubble in US history will correct soon (only 2 years) and by the end of summer 2008 will be the time to buy… (even though every other smaller RE bubble took at least 5 years to correct and the economic environment is much tougher today), there are PLENTY of people around with huge down payments (despite the negative savings rate and record home, auto, and credit card loan defaults), and owning a home at these prices with a potential recession is a smart move. I’m not trying to be an ass, but I guess we agree to disagree. For some reason, I thought you were more bearish on housing…. and that you predicted a longer recovery. … anyways..
March 26, 2008 at 9:52 AM #176740hipmattParticipantOK Rustico, I have your words before me. The largest and longest RE bubble in US history will correct soon (only 2 years) and by the end of summer 2008 will be the time to buy… (even though every other smaller RE bubble took at least 5 years to correct and the economic environment is much tougher today), there are PLENTY of people around with huge down payments (despite the negative savings rate and record home, auto, and credit card loan defaults), and owning a home at these prices with a potential recession is a smart move. I’m not trying to be an ass, but I guess we agree to disagree. For some reason, I thought you were more bearish on housing…. and that you predicted a longer recovery. … anyways..
March 26, 2008 at 9:52 AM #176743hipmattParticipantOK Rustico, I have your words before me. The largest and longest RE bubble in US history will correct soon (only 2 years) and by the end of summer 2008 will be the time to buy… (even though every other smaller RE bubble took at least 5 years to correct and the economic environment is much tougher today), there are PLENTY of people around with huge down payments (despite the negative savings rate and record home, auto, and credit card loan defaults), and owning a home at these prices with a potential recession is a smart move. I’m not trying to be an ass, but I guess we agree to disagree. For some reason, I thought you were more bearish on housing…. and that you predicted a longer recovery. … anyways..
March 26, 2008 at 9:52 AM #176750hipmattParticipantOK Rustico, I have your words before me. The largest and longest RE bubble in US history will correct soon (only 2 years) and by the end of summer 2008 will be the time to buy… (even though every other smaller RE bubble took at least 5 years to correct and the economic environment is much tougher today), there are PLENTY of people around with huge down payments (despite the negative savings rate and record home, auto, and credit card loan defaults), and owning a home at these prices with a potential recession is a smart move. I’m not trying to be an ass, but I guess we agree to disagree. For some reason, I thought you were more bearish on housing…. and that you predicted a longer recovery. … anyways..
March 26, 2008 at 9:52 AM #176841hipmattParticipantOK Rustico, I have your words before me. The largest and longest RE bubble in US history will correct soon (only 2 years) and by the end of summer 2008 will be the time to buy… (even though every other smaller RE bubble took at least 5 years to correct and the economic environment is much tougher today), there are PLENTY of people around with huge down payments (despite the negative savings rate and record home, auto, and credit card loan defaults), and owning a home at these prices with a potential recession is a smart move. I’m not trying to be an ass, but I guess we agree to disagree. For some reason, I thought you were more bearish on housing…. and that you predicted a longer recovery. … anyways..
March 26, 2008 at 10:18 AM #176413(former)FormerSanDieganParticipanthipmatt – It’s not the duration of the correction that matters. It’s the magnitude. This correction is moving at warp speed compared to the early 90’s.
March 26, 2008 at 10:18 AM #176767(former)FormerSanDieganParticipanthipmatt – It’s not the duration of the correction that matters. It’s the magnitude. This correction is moving at warp speed compared to the early 90’s.
March 26, 2008 at 10:18 AM #176769(former)FormerSanDieganParticipanthipmatt – It’s not the duration of the correction that matters. It’s the magnitude. This correction is moving at warp speed compared to the early 90’s.
March 26, 2008 at 10:18 AM #176773(former)FormerSanDieganParticipanthipmatt – It’s not the duration of the correction that matters. It’s the magnitude. This correction is moving at warp speed compared to the early 90’s.
March 26, 2008 at 10:18 AM #176866(former)FormerSanDieganParticipanthipmatt – It’s not the duration of the correction that matters. It’s the magnitude. This correction is moving at warp speed compared to the early 90’s.
March 26, 2008 at 10:39 AM #176453donaldduckmooreParticipantWho, as an investor, would put 20% down for an investment property?
March 26, 2008 at 10:39 AM #176807donaldduckmooreParticipantWho, as an investor, would put 20% down for an investment property?
March 26, 2008 at 10:39 AM #176810donaldduckmooreParticipantWho, as an investor, would put 20% down for an investment property?
March 26, 2008 at 10:39 AM #176815donaldduckmooreParticipantWho, as an investor, would put 20% down for an investment property?
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