The often asked question, when will housing bottom?

[vizcaya]

Paramount I used the same numbers/assumptions of when the bottom would be, while placing bids back in July
You said:

Total Price Decline: I would say around 30% from the peak on average.

I used this percentage(30%) when I placed bids on a bank owned homes the wife and I liked.

The home we went with was sold at peak for $570k in 2005. I placed a bid on it for $420k(about 26% below peak). The bank accepted. Since the drop from peak was close to my assumptions of when the bottom would be, we bought now instead of waiting a couple of years till the bottom.

Looking at the market now, I still believe that my house will drop another 10% before it hits bottom. Which would be a 40% drop from Peak. Therfore It looks like my house which sold at peak for $570k in 2005, should be worth approx $350k by 2011.
Ouch!

[The OC Scam]

Come on lets be real here! There are so many freck’n idiots out there like Alex that if you give them a credit card they will use it! if you give a loan they will take it!

Who checks the fine print anymore? No one

I need it now!! Give a me house, Give me the car I want, Give me, Give me, Give me!!!

Look at the spending report just out today….people are buying sh*t like crazy…

Has income gone up very much? NO

But debt has and will continue….

Responsibility doesn’t exist for the majority…. If the banks and the Feds come up with another way to exchange debt with different debt then the bottom will be a little pot hole ….and they will …um yeah thats right its called inflation!

Americans will just have to get use to follow:

1.paying 3000k + a month for a home, having second jobs, low interest rates to encourage more debt, 4 dollar a gallon milk, 9 dollar a gallon gasoline etc…Etc…

But did anyone see those Subprime loans taking off in 2004? B of A did? They decided Not to give them out but rather invest their customer’s money in it and encourage investment in BAD debt…the rest of the world fell in LOVE with our subprime crap

How about SIMprime loans in 2010? Super Impossible loans for the sucker. Maybe it time to change child labor laws so the American family can survive like the other third world country do?

The bottom is already here it called DENIAL!!!

You know what ALEX has something with the crapper and I’m joining him your crap says a lot about you about time we start looking at it more

Ahhh MERRY CHRISTMAS!

[The OC Scam]

Come on lets be real here! There are so many freck’n idiots out there like Alex that if you give them a credit card they will use it! if you give a loan they will take it!

Who checks the fine print anymore? No one

I need it now!! Give a me house, Give me the car I want, Give me, Give me, Give me!!!

Look at the spending report just out today….people are buying sh*t like crazy…

Has income gone up very much? NO

But debt has and will continue….

Responsibility doesn’t exist for the majority…. If the banks and the Feds come up with another way to exchange debt with different debt then the bottom will be a little pot hole ….and they will …um yeah thats right its called inflation!

Americans will just have to get use to follow:

1.paying 3000k + a month for a home, having second jobs, low interest rates to encourage more debt, 4 dollar a gallon milk, 9 dollar a gallon gasoline etc…Etc…

But did anyone see those Subprime loans taking off in 2004? B of A did? They decided Not to give them out but rather invest their customer’s money in it and encourage investment in BAD debt…the rest of the world fell in LOVE with our subprime crap

How about SIMprime loans in 2010? Super Impossible loans for the sucker. Maybe it time to change child labor laws so the American family can survive like the other third world country do?

The bottom is already here it called DENIAL!!!

You know what ALEX has something with the crapper and I’m joining him your crap says a lot about you about time we start looking at it more

Ahhh MERRY CHRISTMAS!

[The OC Scam]

Come on lets be real here! There are so many freck’n idiots out there like Alex that if you give them a credit card they will use it! if you give a loan they will take it!

Who checks the fine print anymore? No one

I need it now!! Give a me house, Give me the car I want, Give me, Give me, Give me!!!

Look at the spending report just out today….people are buying sh*t like crazy…

Has income gone up very much? NO

But debt has and will continue….

Responsibility doesn’t exist for the majority…. If the banks and the Feds come up with another way to exchange debt with different debt then the bottom will be a little pot hole ….and they will …um yeah thats right its called inflation!

Americans will just have to get use to follow:

1.paying 3000k + a month for a home, having second jobs, low interest rates to encourage more debt, 4 dollar a gallon milk, 9 dollar a gallon gasoline etc…Etc…

But did anyone see those Subprime loans taking off in 2004? B of A did? They decided Not to give them out but rather invest their customer’s money in it and encourage investment in BAD debt…the rest of the world fell in LOVE with our subprime crap

How about SIMprime loans in 2010? Super Impossible loans for the sucker. Maybe it time to change child labor laws so the American family can survive like the other third world country do?

The bottom is already here it called DENIAL!!!

You know what ALEX has something with the crapper and I’m joining him your crap says a lot about you about time we start looking at it more

Ahhh MERRY CHRISTMAS!

[The OC Scam]

Come on lets be real here! There are so many freck’n idiots out there like Alex that if you give them a credit card they will use it! if you give a loan they will take it!

Who checks the fine print anymore? No one

I need it now!! Give a me house, Give me the car I want, Give me, Give me, Give me!!!

Look at the spending report just out today….people are buying sh*t like crazy…

Has income gone up very much? NO

But debt has and will continue….

Responsibility doesn’t exist for the majority…. If the banks and the Feds come up with another way to exchange debt with different debt then the bottom will be a little pot hole ….and they will …um yeah thats right its called inflation!

Americans will just have to get use to follow:

1.paying 3000k + a month for a home, having second jobs, low interest rates to encourage more debt, 4 dollar a gallon milk, 9 dollar a gallon gasoline etc…Etc…

But did anyone see those Subprime loans taking off in 2004? B of A did? They decided Not to give them out but rather invest their customer’s money in it and encourage investment in BAD debt…the rest of the world fell in LOVE with our subprime crap

How about SIMprime loans in 2010? Super Impossible loans for the sucker. Maybe it time to change child labor laws so the American family can survive like the other third world country do?

The bottom is already here it called DENIAL!!!

You know what ALEX has something with the crapper and I’m joining him your crap says a lot about you about time we start looking at it more

Ahhh MERRY CHRISTMAS!

[The OC Scam]

Come on lets be real here! There are so many freck’n idiots out there like Alex that if you give them a credit card they will use it! if you give a loan they will take it!

Who checks the fine print anymore? No one

I need it now!! Give a me house, Give me the car I want, Give me, Give me, Give me!!!

Look at the spending report just out today….people are buying sh*t like crazy…

Has income gone up very much? NO

But debt has and will continue….

Responsibility doesn’t exist for the majority…. If the banks and the Feds come up with another way to exchange debt with different debt then the bottom will be a little pot hole ….and they will …um yeah thats right its called inflation!

Americans will just have to get use to follow:

1.paying 3000k + a month for a home, having second jobs, low interest rates to encourage more debt, 4 dollar a gallon milk, 9 dollar a gallon gasoline etc…Etc…

But did anyone see those Subprime loans taking off in 2004? B of A did? They decided Not to give them out but rather invest their customer’s money in it and encourage investment in BAD debt…the rest of the world fell in LOVE with our subprime crap

How about SIMprime loans in 2010? Super Impossible loans for the sucker. Maybe it time to change child labor laws so the American family can survive like the other third world country do?

The bottom is already here it called DENIAL!!!

You know what ALEX has something with the crapper and I’m joining him your crap says a lot about you about time we start looking at it more

Ahhh MERRY CHRISTMAS!

[(former)FormerSanDiegan]

I predict that those who expect a pricing bottom in 2009, 2010, 2011, and 2012 may all be correct.

It will happen in different areas and different market segments at different times. Also, the bottom of the cycle typically results in very stagnant prices.

That said, I think there will be plenty of good buying opportunities starting as soon as late 2008 or 2009, and continuing for several years depending on the area and market segment.

[(former)FormerSanDiegan]

I predict that those who expect a pricing bottom in 2009, 2010, 2011, and 2012 may all be correct.

It will happen in different areas and different market segments at different times. Also, the bottom of the cycle typically results in very stagnant prices.

That said, I think there will be plenty of good buying opportunities starting as soon as late 2008 or 2009, and continuing for several years depending on the area and market segment.

[(former)FormerSanDiegan]

I predict that those who expect a pricing bottom in 2009, 2010, 2011, and 2012 may all be correct.

It will happen in different areas and different market segments at different times. Also, the bottom of the cycle typically results in very stagnant prices.

That said, I think there will be plenty of good buying opportunities starting as soon as late 2008 or 2009, and continuing for several years depending on the area and market segment.

[(former)FormerSanDiegan]

I predict that those who expect a pricing bottom in 2009, 2010, 2011, and 2012 may all be correct.

It will happen in different areas and different market segments at different times. Also, the bottom of the cycle typically results in very stagnant prices.

That said, I think there will be plenty of good buying opportunities starting as soon as late 2008 or 2009, and continuing for several years depending on the area and market segment.

[(former)FormerSanDiegan]

I predict that those who expect a pricing bottom in 2009, 2010, 2011, and 2012 may all be correct.

It will happen in different areas and different market segments at different times. Also, the bottom of the cycle typically results in very stagnant prices.

That said, I think there will be plenty of good buying opportunities starting as soon as late 2008 or 2009, and continuing for several years depending on the area and market segment.

[Eugene]

Seasonally adjusted Case-Shiller (basically, 12-month moving average)

[img_assist|nid=5907|title=sd1990|desc=|link=node|align=left|width=466|height=398]

[img_assist|nid=5908|title=sd2005|desc=|link=node|align=left|width=466|height=374]

[Eugene]

Seasonally adjusted Case-Shiller (basically, 12-month moving average)

[img_assist|nid=5907|title=sd1990|desc=|link=node|align=left|width=466|height=398]

[img_assist|nid=5908|title=sd2005|desc=|link=node|align=left|width=466|height=374]

[Eugene]

Seasonally adjusted Case-Shiller (basically, 12-month moving average)

[img_assist|nid=5907|title=sd1990|desc=|link=node|align=left|width=466|height=398]

[img_assist|nid=5908|title=sd2005|desc=|link=node|align=left|width=466|height=374]

[Eugene]

Seasonally adjusted Case-Shiller (basically, 12-month moving average)

[img_assist|nid=5907|title=sd1990|desc=|link=node|align=left|width=466|height=398]

[img_assist|nid=5908|title=sd2005|desc=|link=node|align=left|width=466|height=374]

[Author]

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