- This topic has 9 replies, 7 voices, and was last updated 12 years, 1 month ago by
paramount.
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July 12, 2012 at 6:50 AM #19956July 12, 2012 at 9:28 AM #747785
briansd1
GuestYeah, I agree. But it will be a long slog back to the top.
For many folks who bought at the peak, depending on how long it takes to get back to nominal break-even, they may not have the wherewithal to ride it out.
We will still see foreclosures, but prices have stabilized with some increases.
And increasing new construction is what we need to create jobs and heal the economy:
http://www.washingtonpost.com/business/economy/new-home-construction-is-promising-sign/2012/07/11/gJQAIVhDfW_story.htmlJuly 12, 2012 at 9:55 AM #747791sdduuuude
ParticipantWall Street Journal – who are they? Never heard of them. This guy knows what he’s talking about:
July 12, 2012 at 9:57 AM #747792spdrun
Participant^^^
WSJ is saying that the major decreases are over, not that we’ll see a new Bubble any time soon. The thread you cited basically agrees, you sarcastic clown.
July 12, 2012 at 9:59 AM #747794sdduuuude
ParticipantYou realize I wrote that thread, right ?
July 12, 2012 at 10:04 AM #747795spdrun
ParticipantHahahahaha, sorry 🙂
July 12, 2012 at 10:09 AM #747798sdrealtor
ParticipantTrue to form the MSM is 6 months to a year behind the Piggs.
July 12, 2012 at 10:13 AM #747799The-Shoveler
ParticipantIn a world where foreclosures are held in check (choose your theory as to why foreclosures are being held back).
The builders will be the price setters for any given area, (my guess about a 2003 price range for most SoCal areas, but that’s just a guess).
This could be interesting.
If the foreclosure flood gates open, expect the economy to tank and more municipal BK’s.
I guess we will see.July 12, 2012 at 11:23 AM #747816sdduuuude
Participant[quote=spdrun]Hahahahaha, sorry :)[/quote]
The “sarcastic clown” tag was dead-on, though 🙂
July 12, 2012 at 8:21 PM #747884paramount
ParticipantDavid Wessel (the author) is a Bernanke shill.
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