- This topic has 35 replies, 7 voices, and was last updated 15 years, 3 months ago by
rocket science.
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August 17, 2009 at 11:01 PM #446384August 18, 2009 at 12:08 PM #446581
briansd1
Guest[quote=carlsbadworker]
But he thinks it’s no longer dangerous to buy in some areas.“We have this weird, disparate bottoming,” he said. “In some areas we may be there already, but others are not nearly as close.”
[/quote]“Reasonable” doesn’t mean bottom. Just because you can reasonably afford a house doesn’t mean that there won’t be a nicer house that you could also just as well afford.
How low house prices go depend on unemployment, debt level, interest rate etc…. House prices are not solely dependent on the median income of those who actually have income.
Interest rates are now held artificially low. I would not be surprised to see GDP growth, higher interest rates, and lower house prices in many local areas.
August 18, 2009 at 12:08 PM #446761Guest[quote=carlsbadworker]
But he thinks it’s no longer dangerous to buy in some areas.“We have this weird, disparate bottoming,” he said. “In some areas we may be there already, but others are not nearly as close.”
[/quote]“Reasonable” doesn’t mean bottom. Just because you can reasonably afford a house doesn’t mean that there won’t be a nicer house that you could also just as well afford.
How low house prices go depend on unemployment, debt level, interest rate etc…. House prices are not solely dependent on the median income of those who actually have income.
Interest rates are now held artificially low. I would not be surprised to see GDP growth, higher interest rates, and lower house prices in many local areas.
August 18, 2009 at 12:08 PM #446509Guest[quote=carlsbadworker]
But he thinks it’s no longer dangerous to buy in some areas.“We have this weird, disparate bottoming,” he said. “In some areas we may be there already, but others are not nearly as close.”
[/quote]“Reasonable” doesn’t mean bottom. Just because you can reasonably afford a house doesn’t mean that there won’t be a nicer house that you could also just as well afford.
How low house prices go depend on unemployment, debt level, interest rate etc…. House prices are not solely dependent on the median income of those who actually have income.
Interest rates are now held artificially low. I would not be surprised to see GDP growth, higher interest rates, and lower house prices in many local areas.
August 18, 2009 at 12:08 PM #446171Guest[quote=carlsbadworker]
But he thinks it’s no longer dangerous to buy in some areas.“We have this weird, disparate bottoming,” he said. “In some areas we may be there already, but others are not nearly as close.”
[/quote]“Reasonable” doesn’t mean bottom. Just because you can reasonably afford a house doesn’t mean that there won’t be a nicer house that you could also just as well afford.
How low house prices go depend on unemployment, debt level, interest rate etc…. House prices are not solely dependent on the median income of those who actually have income.
Interest rates are now held artificially low. I would not be surprised to see GDP growth, higher interest rates, and lower house prices in many local areas.
August 18, 2009 at 12:08 PM #445978Guest[quote=carlsbadworker]
But he thinks it’s no longer dangerous to buy in some areas.“We have this weird, disparate bottoming,” he said. “In some areas we may be there already, but others are not nearly as close.”
[/quote]“Reasonable” doesn’t mean bottom. Just because you can reasonably afford a house doesn’t mean that there won’t be a nicer house that you could also just as well afford.
How low house prices go depend on unemployment, debt level, interest rate etc…. House prices are not solely dependent on the median income of those who actually have income.
Interest rates are now held artificially low. I would not be surprised to see GDP growth, higher interest rates, and lower house prices in many local areas.
August 18, 2009 at 5:31 PM #446267patientrenter
Participant[quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).
August 18, 2009 at 5:31 PM #446073Participant[quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).
August 18, 2009 at 5:31 PM #446604Participant[quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).
August 18, 2009 at 5:31 PM #446677Participant[quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).
August 18, 2009 at 5:31 PM #446856Participant[quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).
August 18, 2009 at 5:39 PM #446692Nor-LA-SD-guy
Participant[quote=patientrenter][quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).[/quote]
Sorry if I restate the obvious,
For the State/Gov, increasing Prices equal increase Tax revenue (i.e.. Life).
Decreasing prices equal decreasing Tax revenue (i.e.. Death).
August 18, 2009 at 5:39 PM #446871Participant[quote=patientrenter][quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).[/quote]
Sorry if I restate the obvious,
For the State/Gov, increasing Prices equal increase Tax revenue (i.e.. Life).
Decreasing prices equal decreasing Tax revenue (i.e.. Death).
August 18, 2009 at 5:39 PM #446088Participant[quote=patientrenter][quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).[/quote]
Sorry if I restate the obvious,
For the State/Gov, increasing Prices equal increase Tax revenue (i.e.. Life).
Decreasing prices equal decreasing Tax revenue (i.e.. Death).
August 18, 2009 at 5:39 PM #446282Participant[quote=patientrenter][quote=briansd1]….
How low house prices go depend on unemployment, debt level, interest rate etc….[/quote]Don’t forget the most important determinant of home prices – govt intervention (always in one direction, aimed at increasing prices).[/quote]
Sorry if I restate the obvious,
For the State/Gov, increasing Prices equal increase Tax revenue (i.e.. Life).
Decreasing prices equal decreasing Tax revenue (i.e.. Death).
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