Timing the Bottom

[RatherOpinionated]

Nov. home prices, sales plummet; has market hit bottom?
UNION-TRIBUNE
December 19, 2007
http://www.signonsandiego.com/news/business/20071219-9999-1b19housing.html

You think this might motivate some fence-sitting renters?

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

Nov. home prices, sales plummet; has market hit bottom?
UNION-TRIBUNE
December 19, 2007
http://www.signonsandiego.com/news/business/20071219-9999-1b19housing.html

You think this might motivate some fence-sitting renters?

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

Nov. home prices, sales plummet; has market hit bottom?
UNION-TRIBUNE
December 19, 2007
http://www.signonsandiego.com/news/business/20071219-9999-1b19housing.html

You think this might motivate some fence-sitting renters?

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

Nov. home prices, sales plummet; has market hit bottom?
UNION-TRIBUNE
December 19, 2007
http://www.signonsandiego.com/news/business/20071219-9999-1b19housing.html

You think this might motivate some fence-sitting renters?

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[(former)FormerSanDiegan]

Yes, this will probably motivate some fence sitters. And motivate some sellers to drop their prices. I think we will see some seasonal strength going into Spring. The steep declines in sales may ease. After all how much slower can sales get.

An ode to Spring …
The housing storm has passed. When you step outside it has cleared up … sunny … warmer. The sense of fear and desperation you had has passed. The howling winds have eased. It’s peaceful, you feel a sense of calm.
Then it hits. You realize that you are in the eye of hurricane.

Seriously I think the article will also motivate some homeowners to panic, come to grips that they are upside down and capitulate, causing a second wave of increased foreclosure activity next year.

[(former)FormerSanDiegan]

Yes, this will probably motivate some fence sitters. And motivate some sellers to drop their prices. I think we will see some seasonal strength going into Spring. The steep declines in sales may ease. After all how much slower can sales get.

An ode to Spring …
The housing storm has passed. When you step outside it has cleared up … sunny … warmer. The sense of fear and desperation you had has passed. The howling winds have eased. It’s peaceful, you feel a sense of calm.
Then it hits. You realize that you are in the eye of hurricane.

Seriously I think the article will also motivate some homeowners to panic, come to grips that they are upside down and capitulate, causing a second wave of increased foreclosure activity next year.

[(former)FormerSanDiegan]

Yes, this will probably motivate some fence sitters. And motivate some sellers to drop their prices. I think we will see some seasonal strength going into Spring. The steep declines in sales may ease. After all how much slower can sales get.

An ode to Spring …
The housing storm has passed. When you step outside it has cleared up … sunny … warmer. The sense of fear and desperation you had has passed. The howling winds have eased. It’s peaceful, you feel a sense of calm.
Then it hits. You realize that you are in the eye of hurricane.

Seriously I think the article will also motivate some homeowners to panic, come to grips that they are upside down and capitulate, causing a second wave of increased foreclosure activity next year.

[(former)FormerSanDiegan]

Yes, this will probably motivate some fence sitters. And motivate some sellers to drop their prices. I think we will see some seasonal strength going into Spring. The steep declines in sales may ease. After all how much slower can sales get.

An ode to Spring …
The housing storm has passed. When you step outside it has cleared up … sunny … warmer. The sense of fear and desperation you had has passed. The howling winds have eased. It’s peaceful, you feel a sense of calm.
Then it hits. You realize that you are in the eye of hurricane.

Seriously I think the article will also motivate some homeowners to panic, come to grips that they are upside down and capitulate, causing a second wave of increased foreclosure activity next year.

[(former)FormerSanDiegan]

Yes, this will probably motivate some fence sitters. And motivate some sellers to drop their prices. I think we will see some seasonal strength going into Spring. The steep declines in sales may ease. After all how much slower can sales get.

An ode to Spring …
The housing storm has passed. When you step outside it has cleared up … sunny … warmer. The sense of fear and desperation you had has passed. The howling winds have eased. It’s peaceful, you feel a sense of calm.
Then it hits. You realize that you are in the eye of hurricane.

Seriously I think the article will also motivate some homeowners to panic, come to grips that they are upside down and capitulate, causing a second wave of increased foreclosure activity next year.

[RatherOpinionated]

[img_assist|nid=5698|title=|desc=|link=node|align=left|width=466|height=320]

You are all over the place. Is it FEAR, PANIC, DESPERATION or CAPITULATION?

Sounds like we are closer to the bottom (or even past it) than you would even like to admit.

Hello to the Clampets

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

[img_assist|nid=5698|title=|desc=|link=node|align=left|width=466|height=320]

You are all over the place. Is it FEAR, PANIC, DESPERATION or CAPITULATION?

Sounds like we are closer to the bottom (or even past it) than you would even like to admit.

Hello to the Clampets

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

[img_assist|nid=5698|title=|desc=|link=node|align=left|width=466|height=320]

You are all over the place. Is it FEAR, PANIC, DESPERATION or CAPITULATION?

Sounds like we are closer to the bottom (or even past it) than you would even like to admit.

Hello to the Clampets

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

[img_assist|nid=5698|title=|desc=|link=node|align=left|width=466|height=320]

You are all over the place. Is it FEAR, PANIC, DESPERATION or CAPITULATION?

Sounds like we are closer to the bottom (or even past it) than you would even like to admit.

Hello to the Clampets

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[RatherOpinionated]

[img_assist|nid=5698|title=|desc=|link=node|align=left|width=466|height=320]

You are all over the place. Is it FEAR, PANIC, DESPERATION or CAPITULATION?

Sounds like we are closer to the bottom (or even past it) than you would even like to admit.

Hello to the Clampets

[img_assist|nid=5758|title=|desc=|link=node|align=left|width=419|height=500]

[(former)FormerSanDiegan]

RO –

Are you referring to me ? I thought I was fairly clear and consistent in my posts. Perhaps it is your misinterpretaiton that is unclear.

My post above from several days ago …
“I think we are clearly well past the denial stage.
I’d say we are squarely between the fear/desperation stage.

Some time in 2008 … Capitulation.”

My comment above about owners giving up and capitulating leading to a wave of foreclosures NEXT YEAR.

Should I write it in Crayon ?

[Author]

Posts