Spring Housing Prediction

[Mark Holmes]

LA Renter – I think you’re closer to the mark than anyone.

But who knows?

I do hope prices keep falling until housing is roughly in line with rents again. I certainly don’t want to rent forever.

But I will. I’ll rent until I’m in my grave before I’ll pay $300,000+ for a shack in Normal Heights or North Park.

I don’t have to buy.

But it seems that there are more and more sellers who have to sell, ASAP.

I do hope things in the overall economy start to stabilize in the next couple of years, though. Too many people aare getting hurt in this mess. It never should have been allowed to happen.

[ibjames]

Qualcomm is feeling pain because cell phone manufacturers are getting rid of their chip inventory. They are trying to keep as little inventory as possible. For cell phone companies to have problems you know something is wrong.

How many people would give up their cell phone?

Next year at this time is when I really want to talk housing, in the meantime, it’s just self torture

[ibjames]

Qualcomm is feeling pain because cell phone manufacturers are getting rid of their chip inventory. They are trying to keep as little inventory as possible. For cell phone companies to have problems you know something is wrong.

How many people would give up their cell phone?

Next year at this time is when I really want to talk housing, in the meantime, it’s just self torture

[ibjames]

Qualcomm is feeling pain because cell phone manufacturers are getting rid of their chip inventory. They are trying to keep as little inventory as possible. For cell phone companies to have problems you know something is wrong.

How many people would give up their cell phone?

Next year at this time is when I really want to talk housing, in the meantime, it’s just self torture

[ibjames]

Qualcomm is feeling pain because cell phone manufacturers are getting rid of their chip inventory. They are trying to keep as little inventory as possible. For cell phone companies to have problems you know something is wrong.

How many people would give up their cell phone?

Next year at this time is when I really want to talk housing, in the meantime, it’s just self torture

[ibjames]

Qualcomm is feeling pain because cell phone manufacturers are getting rid of their chip inventory. They are trying to keep as little inventory as possible. For cell phone companies to have problems you know something is wrong.

How many people would give up their cell phone?

Next year at this time is when I really want to talk housing, in the meantime, it’s just self torture

[barnaby33]

Mark, hope is a terrible investing philosophy. Real estate is an investment, whether you think so or not.

When reading through this thread its interesting to see the color or context added by the various posters. I think we all agree that RE is decreasing in price. I think what this thread highlights is the varying ways in which we view that and how it exposes our biases.

I don’t know why, but a lot of people seem to want to live in Carmel Valley, which is why it garners so much attention. Its also going to be one of the last areas to decline, because it garners so much attention.

Jamul, you forgotten pariah of RE. You are so often maligned. Even though someone once helpfully offered to kick my ass all the way there, it hasn’t helped hold up prices.

RE collapses happen outside in and are slow moving, multi year, train wrecks. Don’t worry about spring 09, “or worry but know that its about as effective as trying to solve an algebra equation by chewing bubble gum.”

Del Mar hasn’t come down that much either, nor has Mission Hills. I can wait. Back in 03 I said, shit its going to be till I’m 35 before I buy my first home. Sure seems like thats optimistic now as I’ll be 34 next month.

Josh

[barnaby33]

Mark, hope is a terrible investing philosophy. Real estate is an investment, whether you think so or not.

When reading through this thread its interesting to see the color or context added by the various posters. I think we all agree that RE is decreasing in price. I think what this thread highlights is the varying ways in which we view that and how it exposes our biases.

I don’t know why, but a lot of people seem to want to live in Carmel Valley, which is why it garners so much attention. Its also going to be one of the last areas to decline, because it garners so much attention.

Jamul, you forgotten pariah of RE. You are so often maligned. Even though someone once helpfully offered to kick my ass all the way there, it hasn’t helped hold up prices.

RE collapses happen outside in and are slow moving, multi year, train wrecks. Don’t worry about spring 09, “or worry but know that its about as effective as trying to solve an algebra equation by chewing bubble gum.”

Del Mar hasn’t come down that much either, nor has Mission Hills. I can wait. Back in 03 I said, shit its going to be till I’m 35 before I buy my first home. Sure seems like thats optimistic now as I’ll be 34 next month.

Josh

[barnaby33]

Mark, hope is a terrible investing philosophy. Real estate is an investment, whether you think so or not.

When reading through this thread its interesting to see the color or context added by the various posters. I think we all agree that RE is decreasing in price. I think what this thread highlights is the varying ways in which we view that and how it exposes our biases.

I don’t know why, but a lot of people seem to want to live in Carmel Valley, which is why it garners so much attention. Its also going to be one of the last areas to decline, because it garners so much attention.

Jamul, you forgotten pariah of RE. You are so often maligned. Even though someone once helpfully offered to kick my ass all the way there, it hasn’t helped hold up prices.

RE collapses happen outside in and are slow moving, multi year, train wrecks. Don’t worry about spring 09, “or worry but know that its about as effective as trying to solve an algebra equation by chewing bubble gum.”

Del Mar hasn’t come down that much either, nor has Mission Hills. I can wait. Back in 03 I said, shit its going to be till I’m 35 before I buy my first home. Sure seems like thats optimistic now as I’ll be 34 next month.

Josh

[barnaby33]

Mark, hope is a terrible investing philosophy. Real estate is an investment, whether you think so or not.

When reading through this thread its interesting to see the color or context added by the various posters. I think we all agree that RE is decreasing in price. I think what this thread highlights is the varying ways in which we view that and how it exposes our biases.

I don’t know why, but a lot of people seem to want to live in Carmel Valley, which is why it garners so much attention. Its also going to be one of the last areas to decline, because it garners so much attention.

Jamul, you forgotten pariah of RE. You are so often maligned. Even though someone once helpfully offered to kick my ass all the way there, it hasn’t helped hold up prices.

RE collapses happen outside in and are slow moving, multi year, train wrecks. Don’t worry about spring 09, “or worry but know that its about as effective as trying to solve an algebra equation by chewing bubble gum.”

Del Mar hasn’t come down that much either, nor has Mission Hills. I can wait. Back in 03 I said, shit its going to be till I’m 35 before I buy my first home. Sure seems like thats optimistic now as I’ll be 34 next month.

Josh

[barnaby33]

Mark, hope is a terrible investing philosophy. Real estate is an investment, whether you think so or not.

When reading through this thread its interesting to see the color or context added by the various posters. I think we all agree that RE is decreasing in price. I think what this thread highlights is the varying ways in which we view that and how it exposes our biases.

I don’t know why, but a lot of people seem to want to live in Carmel Valley, which is why it garners so much attention. Its also going to be one of the last areas to decline, because it garners so much attention.

Jamul, you forgotten pariah of RE. You are so often maligned. Even though someone once helpfully offered to kick my ass all the way there, it hasn’t helped hold up prices.

RE collapses happen outside in and are slow moving, multi year, train wrecks. Don’t worry about spring 09, “or worry but know that its about as effective as trying to solve an algebra equation by chewing bubble gum.”

Del Mar hasn’t come down that much either, nor has Mission Hills. I can wait. Back in 03 I said, shit its going to be till I’m 35 before I buy my first home. Sure seems like thats optimistic now as I’ll be 34 next month.

Josh

[moneymaker]

I agree with BGinRB that now that the govment has actually starting to dole out the money, inflation is not too far behind. I’m not a union worker, but it will still piss me off when the govment gives the auto industry 50 Billion and then they will immediately layoff 10-20% of their workers. I “feel” like we are sitting on the curve @ around 1993 levels with respect to bottoming out,I’m not sure where the true bottom was in the 90’s.

[moneymaker]

I agree with BGinRB that now that the govment has actually starting to dole out the money, inflation is not too far behind. I’m not a union worker, but it will still piss me off when the govment gives the auto industry 50 Billion and then they will immediately layoff 10-20% of their workers. I “feel” like we are sitting on the curve @ around 1993 levels with respect to bottoming out,I’m not sure where the true bottom was in the 90’s.

[moneymaker]

I agree with BGinRB that now that the govment has actually starting to dole out the money, inflation is not too far behind. I’m not a union worker, but it will still piss me off when the govment gives the auto industry 50 Billion and then they will immediately layoff 10-20% of their workers. I “feel” like we are sitting on the curve @ around 1993 levels with respect to bottoming out,I’m not sure where the true bottom was in the 90’s.

[moneymaker]

I agree with BGinRB that now that the govment has actually starting to dole out the money, inflation is not too far behind. I’m not a union worker, but it will still piss me off when the govment gives the auto industry 50 Billion and then they will immediately layoff 10-20% of their workers. I “feel” like we are sitting on the curve @ around 1993 levels with respect to bottoming out,I’m not sure where the true bottom was in the 90’s.

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