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Viewing 15 posts - 61 through 75 (of 346 total)
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  • January 4, 2009 at 9:50 PM #324341
    capeman
    Participant

    [quote]My theory is that rates will be low for the next 3-6 months and then inflation will take its toll and we will never be below 7% again – and likely spend many years in 9-10 range.[/quote]

    Just imagine what those rates and a battered economy will do to your comps!

    January 5, 2009 at 9:29 AM #324010
    carlsbadworker
    Participant

    [quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
    Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]

    It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.

    If you wait for the robin, spring will be over.

    January 5, 2009 at 9:29 AM #324345
    carlsbadworker
    Participant

    [quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
    Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]

    It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.

    If you wait for the robin, spring will be over.

    January 5, 2009 at 9:29 AM #324412
    carlsbadworker
    Participant

    [quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
    Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]

    It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.

    If you wait for the robin, spring will be over.

    January 5, 2009 at 9:29 AM #324429
    carlsbadworker
    Participant

    [quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
    Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]

    It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.

    If you wait for the robin, spring will be over.

    January 5, 2009 at 9:29 AM #324510
    carlsbadworker
    Participant

    [quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
    Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]

    It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.

    If you wait for the robin, spring will be over.

    January 5, 2009 at 9:45 AM #324020
    Mark Holmes
    Participant

    It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

    An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

    My guess is that sentiment is still 2-4 years away.

    But good luck to all buyers…

    January 5, 2009 at 9:45 AM #324355
    Mark Holmes
    Participant

    It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

    An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

    My guess is that sentiment is still 2-4 years away.

    But good luck to all buyers…

    January 5, 2009 at 9:45 AM #324423
    Mark Holmes
    Participant

    It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

    An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

    My guess is that sentiment is still 2-4 years away.

    But good luck to all buyers…

    January 5, 2009 at 9:45 AM #324438
    Mark Holmes
    Participant

    It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

    An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

    My guess is that sentiment is still 2-4 years away.

    But good luck to all buyers…

    January 5, 2009 at 9:45 AM #324520
    Mark Holmes
    Participant

    It’s just amazing to me that anyone who is somewhat informed would be calling a bottom now. It would fly in the face of all statistical, historical and common sense evidence. The real estate boom that just ended, the biggest in San Diego history, will be followed by a bust of commensurate size and duration. Every boom was and is followed by one.

    An 85-year-old, wealthy, lifelong San Diegan told me at the peak of the market that the time to buy would be when everyone knows it is a terrible time to buy.

    My guess is that sentiment is still 2-4 years away.

    But good luck to all buyers…

    January 5, 2009 at 9:51 AM #324030
    peterb
    Participant

    It’s not about calling a bottom. Who knows when that will come? Who knows how long the market will stay at the bottom before it ever starts to rise. Real estate moves at a very slow pace. Investment 101, follow the trend. Why get into this market before it shows any sign of improving? You can easily time the real estate market. It does not turn on a dime.

    January 5, 2009 at 9:51 AM #324365
    peterb
    Participant

    It’s not about calling a bottom. Who knows when that will come? Who knows how long the market will stay at the bottom before it ever starts to rise. Real estate moves at a very slow pace. Investment 101, follow the trend. Why get into this market before it shows any sign of improving? You can easily time the real estate market. It does not turn on a dime.

    January 5, 2009 at 9:51 AM #324432
    peterb
    Participant

    It’s not about calling a bottom. Who knows when that will come? Who knows how long the market will stay at the bottom before it ever starts to rise. Real estate moves at a very slow pace. Investment 101, follow the trend. Why get into this market before it shows any sign of improving? You can easily time the real estate market. It does not turn on a dime.

    January 5, 2009 at 9:51 AM #324448
    peterb
    Participant

    It’s not about calling a bottom. Who knows when that will come? Who knows how long the market will stay at the bottom before it ever starts to rise. Real estate moves at a very slow pace. Investment 101, follow the trend. Why get into this market before it shows any sign of improving? You can easily time the real estate market. It does not turn on a dime.

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