We are richer when house prices go down

[kewp]

The problem with Shiller’s point is incomes will not stay at their current levels.

Wages are deflating when factored for inflation. Unemployment is going up. This trend is not going to change any time soon.

So yeah, in a decade when the economy recovers, their should be plenty of cheap houses for people to buy. If they haven’t burned down or been bulldozed by HUD, that is.

[temeculaguy]

Felix, sorry my pals beat you up, it was obvious that you were trying to protect us from missing out on the extremely short window of bargains that you obviously got lucky and took advantage of.

Speaking of advice, I’ve been trying to figure out how to minimize the risk of missing out on a real estate bargain before all the prices shoot up, I’ve started with trying to reduce my blinking. I’ve tried real hard but I can’t seem to prevent my eyes from blinking. Should I work on blinking faster or less often? It seems the more I think about it, the more I blink. I would hate to blink too long and the 11 months of inventory vanishes because I held a particular blink too long. Apparently I don’t have much time to figure out how to curb this pesky blinking problem, it seems that instead of the prices falling 10-20k a month, inventory rising to record highs and foreclosures setting new records every day, it will reverse course within seconds and all the good ones will be gone. I’m getting pretty nervous, perhaps toothpicks or tape will work, maybe there is still time since not a single one of the over 1400 homes for sale in my zip code has risen in price in the last year, but nearly all have been reduced. Hopefully I won’t be blinking when someone swoops in and buys them all for three times the asking price, since what happens in a Colorado Ski resort town is completely relevent to the bubbliest market in the world. But then again since timing the bottom cannot be done, I should ignore everything and buy now, because, well, you did.

P.S. you said “Renters like TG,” thank you, I now finally feel like the market novice that I am, I was getting so full of myself, the twenty years of owning real estate and the formal education in economics was truly going to my head, my strategic removal from the R/E market was actually a veiled fear of responsibility and insecurity hanging with you rich business moguls, I feel more self aware now, I feel better, Thank You.

[temeculaguy]

Felix, sorry my pals beat you up, it was obvious that you were trying to protect us from missing out on the extremely short window of bargains that you obviously got lucky and took advantage of.

Speaking of advice, I’ve been trying to figure out how to minimize the risk of missing out on a real estate bargain before all the prices shoot up, I’ve started with trying to reduce my blinking. I’ve tried real hard but I can’t seem to prevent my eyes from blinking. Should I work on blinking faster or less often? It seems the more I think about it, the more I blink. I would hate to blink too long and the 11 months of inventory vanishes because I held a particular blink too long. Apparently I don’t have much time to figure out how to curb this pesky blinking problem, it seems that instead of the prices falling 10-20k a month, inventory rising to record highs and foreclosures setting new records every day, it will reverse course within seconds and all the good ones will be gone. I’m getting pretty nervous, perhaps toothpicks or tape will work, maybe there is still time since not a single one of the over 1400 homes for sale in my zip code has risen in price in the last year, but nearly all have been reduced. Hopefully I won’t be blinking when someone swoops in and buys them all for three times the asking price, since what happens in a Colorado Ski resort town is completely relevent to the bubbliest market in the world. But then again since timing the bottom cannot be done, I should ignore everything and buy now, because, well, you did.

P.S. you said “Renters like TG,” thank you, I now finally feel like the market novice that I am, I was getting so full of myself, the twenty years of owning real estate and the formal education in economics was truly going to my head, my strategic removal from the R/E market was actually a veiled fear of responsibility and insecurity hanging with you rich business moguls, I feel more self aware now, I feel better, Thank You.

[temeculaguy]

Felix, sorry my pals beat you up, it was obvious that you were trying to protect us from missing out on the extremely short window of bargains that you obviously got lucky and took advantage of.

Speaking of advice, I’ve been trying to figure out how to minimize the risk of missing out on a real estate bargain before all the prices shoot up, I’ve started with trying to reduce my blinking. I’ve tried real hard but I can’t seem to prevent my eyes from blinking. Should I work on blinking faster or less often? It seems the more I think about it, the more I blink. I would hate to blink too long and the 11 months of inventory vanishes because I held a particular blink too long. Apparently I don’t have much time to figure out how to curb this pesky blinking problem, it seems that instead of the prices falling 10-20k a month, inventory rising to record highs and foreclosures setting new records every day, it will reverse course within seconds and all the good ones will be gone. I’m getting pretty nervous, perhaps toothpicks or tape will work, maybe there is still time since not a single one of the over 1400 homes for sale in my zip code has risen in price in the last year, but nearly all have been reduced. Hopefully I won’t be blinking when someone swoops in and buys them all for three times the asking price, since what happens in a Colorado Ski resort town is completely relevent to the bubbliest market in the world. But then again since timing the bottom cannot be done, I should ignore everything and buy now, because, well, you did.

P.S. you said “Renters like TG,” thank you, I now finally feel like the market novice that I am, I was getting so full of myself, the twenty years of owning real estate and the formal education in economics was truly going to my head, my strategic removal from the R/E market was actually a veiled fear of responsibility and insecurity hanging with you rich business moguls, I feel more self aware now, I feel better, Thank You.

[temeculaguy]

Felix, sorry my pals beat you up, it was obvious that you were trying to protect us from missing out on the extremely short window of bargains that you obviously got lucky and took advantage of.

Speaking of advice, I’ve been trying to figure out how to minimize the risk of missing out on a real estate bargain before all the prices shoot up, I’ve started with trying to reduce my blinking. I’ve tried real hard but I can’t seem to prevent my eyes from blinking. Should I work on blinking faster or less often? It seems the more I think about it, the more I blink. I would hate to blink too long and the 11 months of inventory vanishes because I held a particular blink too long. Apparently I don’t have much time to figure out how to curb this pesky blinking problem, it seems that instead of the prices falling 10-20k a month, inventory rising to record highs and foreclosures setting new records every day, it will reverse course within seconds and all the good ones will be gone. I’m getting pretty nervous, perhaps toothpicks or tape will work, maybe there is still time since not a single one of the over 1400 homes for sale in my zip code has risen in price in the last year, but nearly all have been reduced. Hopefully I won’t be blinking when someone swoops in and buys them all for three times the asking price, since what happens in a Colorado Ski resort town is completely relevent to the bubbliest market in the world. But then again since timing the bottom cannot be done, I should ignore everything and buy now, because, well, you did.

P.S. you said “Renters like TG,” thank you, I now finally feel like the market novice that I am, I was getting so full of myself, the twenty years of owning real estate and the formal education in economics was truly going to my head, my strategic removal from the R/E market was actually a veiled fear of responsibility and insecurity hanging with you rich business moguls, I feel more self aware now, I feel better, Thank You.

[temeculaguy]

Felix, sorry my pals beat you up, it was obvious that you were trying to protect us from missing out on the extremely short window of bargains that you obviously got lucky and took advantage of.

Speaking of advice, I’ve been trying to figure out how to minimize the risk of missing out on a real estate bargain before all the prices shoot up, I’ve started with trying to reduce my blinking. I’ve tried real hard but I can’t seem to prevent my eyes from blinking. Should I work on blinking faster or less often? It seems the more I think about it, the more I blink. I would hate to blink too long and the 11 months of inventory vanishes because I held a particular blink too long. Apparently I don’t have much time to figure out how to curb this pesky blinking problem, it seems that instead of the prices falling 10-20k a month, inventory rising to record highs and foreclosures setting new records every day, it will reverse course within seconds and all the good ones will be gone. I’m getting pretty nervous, perhaps toothpicks or tape will work, maybe there is still time since not a single one of the over 1400 homes for sale in my zip code has risen in price in the last year, but nearly all have been reduced. Hopefully I won’t be blinking when someone swoops in and buys them all for three times the asking price, since what happens in a Colorado Ski resort town is completely relevent to the bubbliest market in the world. But then again since timing the bottom cannot be done, I should ignore everything and buy now, because, well, you did.

P.S. you said “Renters like TG,” thank you, I now finally feel like the market novice that I am, I was getting so full of myself, the twenty years of owning real estate and the formal education in economics was truly going to my head, my strategic removal from the R/E market was actually a veiled fear of responsibility and insecurity hanging with you rich business moguls, I feel more self aware now, I feel better, Thank You.

[hipmatt]

Is felix serious? Hopefully he is a troll?

[hipmatt]

Is felix serious? Hopefully he is a troll?

[hipmatt]

Is felix serious? Hopefully he is a troll?

[hipmatt]

Is felix serious? Hopefully he is a troll?

[hipmatt]

Is felix serious? Hopefully he is a troll?

[Coronita]

TG,

I find duct tape works pretty well to prevent blinking. Just don't go overboard.

 http://www.boingboing.net/2007/08/14/robber-disguised-fac.html

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

TG,

I find duct tape works pretty well to prevent blinking. Just don't go overboard.

 http://www.boingboing.net/2007/08/14/robber-disguised-fac.html

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

TG,

I find duct tape works pretty well to prevent blinking. Just don't go overboard.

 http://www.boingboing.net/2007/08/14/robber-disguised-fac.html

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

TG,

I find duct tape works pretty well to prevent blinking. Just don't go overboard.

 http://www.boingboing.net/2007/08/14/robber-disguised-fac.html

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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