- This topic has 243 replies, 29 voices, and was last updated 15 years, 7 months ago by
jpinpb.
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January 17, 2008 at 2:39 PM #137607January 17, 2008 at 2:39 PM #137636
betting on fall
ParticipantFYI- rather opinionated’s prize listing at Yokohama Ct. was marked down $20,000. Over 60 days have passed without anyone grabbing that incredible bargain. I guess we’re all idiots for passing it up.
back on topic. . . the bottom will not be near until the number of foreclosures drops dramatically and bank “non-performing assets” start falling. There will be no bottom until “must sell” inventory is too small to have a real impact on prices.
January 17, 2008 at 2:39 PM #137662ParticipantFYI- rather opinionated’s prize listing at Yokohama Ct. was marked down $20,000. Over 60 days have passed without anyone grabbing that incredible bargain. I guess we’re all idiots for passing it up.
back on topic. . . the bottom will not be near until the number of foreclosures drops dramatically and bank “non-performing assets” start falling. There will be no bottom until “must sell” inventory is too small to have a real impact on prices.
January 17, 2008 at 2:39 PM #137705ParticipantFYI- rather opinionated’s prize listing at Yokohama Ct. was marked down $20,000. Over 60 days have passed without anyone grabbing that incredible bargain. I guess we’re all idiots for passing it up.
back on topic. . . the bottom will not be near until the number of foreclosures drops dramatically and bank “non-performing assets” start falling. There will be no bottom until “must sell” inventory is too small to have a real impact on prices.
April 26, 2009 at 1:30 PM #387527Deserted
Participant[quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)
April 26, 2009 at 1:30 PM #387798Participant[quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)
April 26, 2009 at 1:30 PM #387996Participant[quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)
April 26, 2009 at 1:30 PM #388051Participant[quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)
April 26, 2009 at 1:30 PM #388191Participant[quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)
April 26, 2009 at 1:43 PM #387547patientrenter
Participant[quote=contrarian][quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)[/quote]
Very enjoyable post, from the distant mists of history, contrarian. I see #3 is not happening either. Instead, pols from both parties have lined up behind the greater govt efforts to pour money into housing in a powerful scheme to keep prices high. Consider all the expanded GNMA, FHA, FNMA, FHLMC, FDIC etc programs, and then add the mortgage loan interest deduction and relief from capital gains taxes on house price gains, and the Fed’s bias to lower interest rates….
It actually isn’t necessary for a good economy to have ANY of these ridiculous supports for home prices. Germany (post-WW2) is a decent example. Whatever else you may think of Germany, it’s hardly an economic or political basket-case.
April 26, 2009 at 1:43 PM #387818Participant[quote=contrarian][quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)[/quote]
Very enjoyable post, from the distant mists of history, contrarian. I see #3 is not happening either. Instead, pols from both parties have lined up behind the greater govt efforts to pour money into housing in a powerful scheme to keep prices high. Consider all the expanded GNMA, FHA, FNMA, FHLMC, FDIC etc programs, and then add the mortgage loan interest deduction and relief from capital gains taxes on house price gains, and the Fed’s bias to lower interest rates….
It actually isn’t necessary for a good economy to have ANY of these ridiculous supports for home prices. Germany (post-WW2) is a decent example. Whatever else you may think of Germany, it’s hardly an economic or political basket-case.
April 26, 2009 at 1:43 PM #388016Participant[quote=contrarian][quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)[/quote]
Very enjoyable post, from the distant mists of history, contrarian. I see #3 is not happening either. Instead, pols from both parties have lined up behind the greater govt efforts to pour money into housing in a powerful scheme to keep prices high. Consider all the expanded GNMA, FHA, FNMA, FHLMC, FDIC etc programs, and then add the mortgage loan interest deduction and relief from capital gains taxes on house price gains, and the Fed’s bias to lower interest rates….
It actually isn’t necessary for a good economy to have ANY of these ridiculous supports for home prices. Germany (post-WW2) is a decent example. Whatever else you may think of Germany, it’s hardly an economic or political basket-case.
April 26, 2009 at 1:43 PM #388071Participant[quote=contrarian][quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)[/quote]
Very enjoyable post, from the distant mists of history, contrarian. I see #3 is not happening either. Instead, pols from both parties have lined up behind the greater govt efforts to pour money into housing in a powerful scheme to keep prices high. Consider all the expanded GNMA, FHA, FNMA, FHLMC, FDIC etc programs, and then add the mortgage loan interest deduction and relief from capital gains taxes on house price gains, and the Fed’s bias to lower interest rates….
It actually isn’t necessary for a good economy to have ANY of these ridiculous supports for home prices. Germany (post-WW2) is a decent example. Whatever else you may think of Germany, it’s hardly an economic or political basket-case.
April 26, 2009 at 1:43 PM #388210Participant[quote=contrarian][quote=contrarian]The top ten ways to know that the bottom is here:
(Drum roll please)
10. No sellers are offering “free” plasma TV’s — just lower prices.
9. Buyers with bad credit are called renters.
8. RE professionals act professionally.
7. Time magazine’s headline “Housing will never recover”.
6. Your waitress and your barber no longer brag about how they made a fortune in real estate.
5. People buy houses to actually live in them.
4. US Attorney convicts Angelo Mozilo.
3. Democrats establish a commission to “cure” the housing problem. Republicans issue a press release stating that there may be a housing bubble. Libertarians are busy building bomb shelters.
2. No more bombastic ads for get rich quick real estate seminars.
And, the number one way to know that the bottom is here: all the Piggs have bought their dream houses!
[/quote]We may be close!!
I’m still waiting for #4 and #1. (Forget about #8 — it will never happen. What was I thinking?)[/quote]
Very enjoyable post, from the distant mists of history, contrarian. I see #3 is not happening either. Instead, pols from both parties have lined up behind the greater govt efforts to pour money into housing in a powerful scheme to keep prices high. Consider all the expanded GNMA, FHA, FNMA, FHLMC, FDIC etc programs, and then add the mortgage loan interest deduction and relief from capital gains taxes on house price gains, and the Fed’s bias to lower interest rates….
It actually isn’t necessary for a good economy to have ANY of these ridiculous supports for home prices. Germany (post-WW2) is a decent example. Whatever else you may think of Germany, it’s hardly an economic or political basket-case.
April 26, 2009 at 1:47 PM #387552CA renter
ParticipantGreat list.
Looks like your #1 is surely happening. I wonder what percentage of Piggs have bought already. From the posts, it looks pretty high.
Still, too much of #s 10, 9, 6, and (not) 5 going on to believe it’s really a bottom, but that’s just me.
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