The Tipping Point Is Here

[sdrealtor]

Just to clarify my comments on the presence of a tipping point. There is no question that the market has definitely turned. Personally, I felt the beginning of the change around June of 2004 which I think pretty much everyone would agree is far earlier than most of us here. However, the change happens at different times and under different circumstances for everyone. The idea that there is some mystical tipping point out there is utter hogwash IMO.

[what_a_disasta]

If the OP was talking about the stock market, then I’d like to hire them as soothsayer in chief for my investment accounts!

🙂

[what_a_disasta]

If the OP was talking about the stock market, then I’d like to hire them as soothsayer in chief for my investment accounts!

🙂

[JWM in SD]

SD Realtor,

If your perspective is only from that of the housing market you may have point, but there definitely has been a tipping point with regard to the credit market and that is undeniable as of this week. The fact that the housing market is intrinsically tied to the credit though makes this debateable in my opinion.

The posters here need to stop looking at this from the prism of SD home prices and start looking at the macro picture instead. It is scary, but it will give you the confidenced needed to steer clear of bad advice right now.

Anyone looking to buy a house right whether they can afford it or not is making a bad financial decision given the economic circumstances that we are headed into at the moment.

[JWM in SD]

SD Realtor,

If your perspective is only from that of the housing market you may have point, but there definitely has been a tipping point with regard to the credit market and that is undeniable as of this week. The fact that the housing market is intrinsically tied to the credit though makes this debateable in my opinion.

The posters here need to stop looking at this from the prism of SD home prices and start looking at the macro picture instead. It is scary, but it will give you the confidenced needed to steer clear of bad advice right now.

Anyone looking to buy a house right whether they can afford it or not is making a bad financial decision given the economic circumstances that we are headed into at the moment.

[PD]

I think we have reached another turning point due the fact that financial markets are getting spanked. Has anyone paid attention to the craziness of the last couple of days? If things continue as they have been, we are going to see some serious changes in the availability of mortgages (which has already changed). Bye, bye easy money. The wind has shifted and more people are starting to smell the smoke.

However, I am still amazed by the folks who have a faulty nose. I was shocked to discover recently that a relative who I thought was dialed into the truth, admitted that he had begun buying up properties in another bubble market because he was getting a “good deal.” WHAT!? What is worse is the fact that he doesn’t have fixed loans and none of them cash flow. I felt like I was in one of those movie thrillers where people are falling under mind control and I suddenly realize that my cohort has been taken over.

[PD]

I think we have reached another turning point due the fact that financial markets are getting spanked. Has anyone paid attention to the craziness of the last couple of days? If things continue as they have been, we are going to see some serious changes in the availability of mortgages (which has already changed). Bye, bye easy money. The wind has shifted and more people are starting to smell the smoke.

However, I am still amazed by the folks who have a faulty nose. I was shocked to discover recently that a relative who I thought was dialed into the truth, admitted that he had begun buying up properties in another bubble market because he was getting a “good deal.” WHAT!? What is worse is the fact that he doesn’t have fixed loans and none of them cash flow. I felt like I was in one of those movie thrillers where people are falling under mind control and I suddenly realize that my cohort has been taken over.

[Enorah]

I’ll add that Venus is about to go Retrograde tomorrow and that should be an interesting contributing factor, in my book anyways.

[Enorah]

I’ll add that Venus is about to go Retrograde tomorrow and that should be an interesting contributing factor, in my book anyways.

[NotCranky]

sdr,”I felt the beginning of the change around June of 2004 which I think pretty much everyone would agree is far earlier than most of us here.”

This is about when I said to my wife. “The gig is up, you can’t buy a house fix it up and sell it for more. You might even get less than what you paid. If sweat equity is a waste of time, it is over.”(yes there have probably been a few exceptions)
The Union Tribune even ran a negative artical about the fall of 2004.I wish I had a link to it. The markets collective vital signs have been worsening since .

[NotCranky]

sdr,”I felt the beginning of the change around June of 2004 which I think pretty much everyone would agree is far earlier than most of us here.”

This is about when I said to my wife. “The gig is up, you can’t buy a house fix it up and sell it for more. You might even get less than what you paid. If sweat equity is a waste of time, it is over.”(yes there have probably been a few exceptions)
The Union Tribune even ran a negative artical about the fall of 2004.I wish I had a link to it. The markets collective vital signs have been worsening since .

[sdrealtor]

I’m with you Rustico. Anyone in the business who had their eyes open could have felt it and seen it. As we know, most in the business do not have their eyes open.

[sdrealtor]

I’m with you Rustico. Anyone in the business who had their eyes open could have felt it and seen it. As we know, most in the business do not have their eyes open.

[drunkle]

yeah, but she’s talking about acceleration of the down trend rather than the peak. like the point at which a coaster starts speeding down the track, the center of mass crests and starts accelerating the whole thing down even though several cars have already gone over the peak.

[drunkle]

yeah, but she’s talking about acceleration of the down trend rather than the peak. like the point at which a coaster starts speeding down the track, the center of mass crests and starts accelerating the whole thing down even though several cars have already gone over the peak.

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