- This topic has 80 replies, 9 voices, and was last updated 14 years, 8 months ago by
jeeman.
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December 31, 2009 at 12:16 AM #16857December 31, 2009 at 12:37 AM #498126
CA renter
ParticipantIMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
December 31, 2009 at 12:37 AM #498763ParticipantIMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
December 31, 2009 at 12:37 AM #498279ParticipantIMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
December 31, 2009 at 12:37 AM #498671ParticipantIMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
December 31, 2009 at 12:37 AM #499010ParticipantIMHO, 2001 was the peak of the “normal” RE cycle, and marked the beginning of the hyperbolic move in the credit markets (credit bubble).
That being said, if you can get a house in one of the better areas at a 2002 price, your risk is already largely reduced as far as the really big losses are concerned, IMHO. We do have to consider the future of the dollar, so buying a house at that price level might not be the worst thing you can do.
December 31, 2009 at 9:04 AM #498136SD Realtor
ParticipantWithin high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
December 31, 2009 at 9:04 AM #498681ParticipantWithin high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
December 31, 2009 at 9:04 AM #498289ParticipantWithin high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
December 31, 2009 at 9:04 AM #498773ParticipantWithin high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
December 31, 2009 at 9:04 AM #499020ParticipantWithin high end there is alot of play and I still think high end has a ways to go depending on the area. With that said, I would agree with you CAR, at that level you have still bled alot of risk out.
December 31, 2009 at 9:53 AM #498696Eugene
ParticipantIt would be a decent price level, but I don’t know any high-end areas where it’s also a realistic price level.
December 31, 2009 at 9:53 AM #498788ParticipantIt would be a decent price level, but I don’t know any high-end areas where it’s also a realistic price level.
December 31, 2009 at 9:53 AM #499035ParticipantIt would be a decent price level, but I don’t know any high-end areas where it’s also a realistic price level.
December 31, 2009 at 9:53 AM #498304ParticipantIt would be a decent price level, but I don’t know any high-end areas where it’s also a realistic price level.
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