Think home-price slide is over? The worst appears yet to come.(SD)

[cr]

“OK. So we live by a beach. And we have great weather. And we’ve got a great football team (so far this year, at least.”

I’ll give you beach and weather, though not exclusively, but I’m going to have to disagree with the Chargers being great this year. 🙂 sorry.

As far the bottom, people will be citing the turn-around the whole way down as they already have been for the past year.

It’s the same as we expected every year to start the turn around, until it finally did.

[cr]

“OK. So we live by a beach. And we have great weather. And we’ve got a great football team (so far this year, at least.”

I’ll give you beach and weather, though not exclusively, but I’m going to have to disagree with the Chargers being great this year. 🙂 sorry.

As far the bottom, people will be citing the turn-around the whole way down as they already have been for the past year.

It’s the same as we expected every year to start the turn around, until it finally did.

[SHILOH]

I am a real novice, but it seems to me that even though the bubble expanded mostly over 5 years,
it appears from history and from the condition of the financial markets, with the “revelation” of the risk in the MBS and CDOs that it will take longer that 5 years to deflate. It would seem that the wage/income to price disparity would cause flat or declining prices past 5 years, unless people start making more than $69K per household – but how is that going to happen? When most of the jobs pushing the bubble were financial services or construction related. If the economy slows –and credit becomes tighter and more expensive, this is bound to go beyond 5 years.

[SHILOH]

I am a real novice, but it seems to me that even though the bubble expanded mostly over 5 years,
it appears from history and from the condition of the financial markets, with the “revelation” of the risk in the MBS and CDOs that it will take longer that 5 years to deflate. It would seem that the wage/income to price disparity would cause flat or declining prices past 5 years, unless people start making more than $69K per household – but how is that going to happen? When most of the jobs pushing the bubble were financial services or construction related. If the economy slows –and credit becomes tighter and more expensive, this is bound to go beyond 5 years.

[SHILOH]

I am a real novice, but it seems to me that even though the bubble expanded mostly over 5 years,
it appears from history and from the condition of the financial markets, with the “revelation” of the risk in the MBS and CDOs that it will take longer that 5 years to deflate. It would seem that the wage/income to price disparity would cause flat or declining prices past 5 years, unless people start making more than $69K per household – but how is that going to happen? When most of the jobs pushing the bubble were financial services or construction related. If the economy slows –and credit becomes tighter and more expensive, this is bound to go beyond 5 years.

[SHILOH]

I am a real novice, but it seems to me that even though the bubble expanded mostly over 5 years,
it appears from history and from the condition of the financial markets, with the “revelation” of the risk in the MBS and CDOs that it will take longer that 5 years to deflate. It would seem that the wage/income to price disparity would cause flat or declining prices past 5 years, unless people start making more than $69K per household – but how is that going to happen? When most of the jobs pushing the bubble were financial services or construction related. If the economy slows –and credit becomes tighter and more expensive, this is bound to go beyond 5 years.

[ibjames]

I really thought that with the media coverage and the internet that maybe it would decline faster now with the abundance of data available.

But, it looks like when it comes to housing, people are willing to look at the data and still make bad choices. So this thing is going to take a while to deflate, 5 years seems like a valid answer

[ibjames]

I really thought that with the media coverage and the internet that maybe it would decline faster now with the abundance of data available.

But, it looks like when it comes to housing, people are willing to look at the data and still make bad choices. So this thing is going to take a while to deflate, 5 years seems like a valid answer

[ibjames]

I really thought that with the media coverage and the internet that maybe it would decline faster now with the abundance of data available.

But, it looks like when it comes to housing, people are willing to look at the data and still make bad choices. So this thing is going to take a while to deflate, 5 years seems like a valid answer

[ibjames]

I really thought that with the media coverage and the internet that maybe it would decline faster now with the abundance of data available.

But, it looks like when it comes to housing, people are willing to look at the data and still make bad choices. So this thing is going to take a while to deflate, 5 years seems like a valid answer

[(former)FormerSanDiegan]

I really thought that with the media coverage and the internet that maybe it would decline faster now with the abundance of data available.
The internet was available in 2002-2005. Data were available back then that indicated prices were significantly out of whack wrt fundamentals. It really did not prevent the bubbble from inflating further or make the housing market more efficient. The housing cycle is less a product of available information than available financing products.

[(former)FormerSanDiegan]

I really thought that with the media coverage and the internet that maybe it would decline faster now with the abundance of data available.
The internet was available in 2002-2005. Data were available back then that indicated prices were significantly out of whack wrt fundamentals. It really did not prevent the bubbble from inflating further or make the housing market more efficient. The housing cycle is less a product of available information than available financing products.

[(former)FormerSanDiegan]

I really thought that with the media coverage and the internet that maybe it would decline faster now with the abundance of data available.
The internet was available in 2002-2005. Data were available back then that indicated prices were significantly out of whack wrt fundamentals. It really did not prevent the bubbble from inflating further or make the housing market more efficient. The housing cycle is less a product of available information than available financing products.

[(former)FormerSanDiegan]

I really thought that with the media coverage and the internet that maybe it would decline faster now with the abundance of data available.
The internet was available in 2002-2005. Data were available back then that indicated prices were significantly out of whack wrt fundamentals. It really did not prevent the bubbble from inflating further or make the housing market more efficient. The housing cycle is less a product of available information than available financing products.

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