What will the bottom look/feel like?

[Anonymous]

IMO we are in stage 3 of a 5-stage descent. Stage 4 will begin when more companies announce downsizing leading to layoffs and more foreclosures. Stage 5 (the bottom) is a global divot but China’s lookin’ good.

I think there will be an over-correction/reaction.

When banks are basically lending no money, they will have over-reacted.

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

[Anonymous]

IMO we are in stage 3 of a 5-stage descent. Stage 4 will begin when more companies announce downsizing leading to layoffs and more foreclosures. Stage 5 (the bottom) is a global divot but China’s lookin’ good.

I think there will be an over-correction/reaction.

When banks are basically lending no money, they will have over-reacted.

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

[Anonymous]

IMO we are in stage 3 of a 5-stage descent. Stage 4 will begin when more companies announce downsizing leading to layoffs and more foreclosures. Stage 5 (the bottom) is a global divot but China’s lookin’ good.

I think there will be an over-correction/reaction.

When banks are basically lending no money, they will have over-reacted.

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

[Anonymous]

IMO we are in stage 3 of a 5-stage descent. Stage 4 will begin when more companies announce downsizing leading to layoffs and more foreclosures. Stage 5 (the bottom) is a global divot but China’s lookin’ good.

I think there will be an over-correction/reaction.

When banks are basically lending no money, they will have over-reacted.

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

[nostradamus]

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

Nobody is that clairvoyant but I'd say you have a year or two to chill. Maybe ask Rustico, he's a builder. I don't know whether it's even worth it for a builder to build for $75/sf. Would they even… break even?

[nostradamus]

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

Nobody is that clairvoyant but I'd say you have a year or two to chill. Maybe ask Rustico, he's a builder. I don't know whether it's even worth it for a builder to build for $75/sf. Would they even… break even?

[nostradamus]

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

Nobody is that clairvoyant but I'd say you have a year or two to chill. Maybe ask Rustico, he's a builder. I don't know whether it's even worth it for a builder to build for $75/sf. Would they even… break even?

[nostradamus]

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

Nobody is that clairvoyant but I'd say you have a year or two to chill. Maybe ask Rustico, he's a builder. I don't know whether it's even worth it for a builder to build for $75/sf. Would they even… break even?

[nostradamus]

ok, ok, but will somebody tell me when there will be builders building new homes here in Murrieta at realistic prices? Anywhere from $75-$100 sf?

I am mentally worn out!

Nobody is that clairvoyant but I'd say you have a year or two to chill. Maybe ask Rustico, he's a builder. I don't know whether it's even worth it for a builder to build for $75/sf. Would they even… break even?

[paramount]

Marion, I can tell your mentally worn out – I will now tell you the correct answer: it depends, houses vary and so do prices.

Beyond that, here is the true correct answer IMO: If you feel like you a want to settle in an area, your job is going reasonably well, the family is happy – you find a house you can reasonably afford and like, with a 30 year fixed mortgage.

You still need to be able to save for retirement etc…be reasonable about the price and your expectations.

Then, you move in with your family and enjoy life. Go camping, go to the library, curl up and read a book, watch movies, etc…the things that are really important in life to most families.

Trying to time the market to near perfection, worrying about what your neighbors house is worth, tracking your home value to the penny. For most people, this is a sickness IMO – that’s probably why your worn out.

I’m not saying buy a house for a ridiculous price, of course not. In this market and with your knowledge, I doubt you would.

[paramount]

Marion, I can tell your mentally worn out – I will now tell you the correct answer: it depends, houses vary and so do prices.

Beyond that, here is the true correct answer IMO: If you feel like you a want to settle in an area, your job is going reasonably well, the family is happy – you find a house you can reasonably afford and like, with a 30 year fixed mortgage.

You still need to be able to save for retirement etc…be reasonable about the price and your expectations.

Then, you move in with your family and enjoy life. Go camping, go to the library, curl up and read a book, watch movies, etc…the things that are really important in life to most families.

Trying to time the market to near perfection, worrying about what your neighbors house is worth, tracking your home value to the penny. For most people, this is a sickness IMO – that’s probably why your worn out.

I’m not saying buy a house for a ridiculous price, of course not. In this market and with your knowledge, I doubt you would.

[paramount]

Marion, I can tell your mentally worn out – I will now tell you the correct answer: it depends, houses vary and so do prices.

Beyond that, here is the true correct answer IMO: If you feel like you a want to settle in an area, your job is going reasonably well, the family is happy – you find a house you can reasonably afford and like, with a 30 year fixed mortgage.

You still need to be able to save for retirement etc…be reasonable about the price and your expectations.

Then, you move in with your family and enjoy life. Go camping, go to the library, curl up and read a book, watch movies, etc…the things that are really important in life to most families.

Trying to time the market to near perfection, worrying about what your neighbors house is worth, tracking your home value to the penny. For most people, this is a sickness IMO – that’s probably why your worn out.

I’m not saying buy a house for a ridiculous price, of course not. In this market and with your knowledge, I doubt you would.

[paramount]

Marion, I can tell your mentally worn out – I will now tell you the correct answer: it depends, houses vary and so do prices.

Beyond that, here is the true correct answer IMO: If you feel like you a want to settle in an area, your job is going reasonably well, the family is happy – you find a house you can reasonably afford and like, with a 30 year fixed mortgage.

You still need to be able to save for retirement etc…be reasonable about the price and your expectations.

Then, you move in with your family and enjoy life. Go camping, go to the library, curl up and read a book, watch movies, etc…the things that are really important in life to most families.

Trying to time the market to near perfection, worrying about what your neighbors house is worth, tracking your home value to the penny. For most people, this is a sickness IMO – that’s probably why your worn out.

I’m not saying buy a house for a ridiculous price, of course not. In this market and with your knowledge, I doubt you would.

[paramount]

Marion, I can tell your mentally worn out – I will now tell you the correct answer: it depends, houses vary and so do prices.

Beyond that, here is the true correct answer IMO: If you feel like you a want to settle in an area, your job is going reasonably well, the family is happy – you find a house you can reasonably afford and like, with a 30 year fixed mortgage.

You still need to be able to save for retirement etc…be reasonable about the price and your expectations.

Then, you move in with your family and enjoy life. Go camping, go to the library, curl up and read a book, watch movies, etc…the things that are really important in life to most families.

Trying to time the market to near perfection, worrying about what your neighbors house is worth, tracking your home value to the penny. For most people, this is a sickness IMO – that’s probably why your worn out.

I’m not saying buy a house for a ridiculous price, of course not. In this market and with your knowledge, I doubt you would.

[kewp]

I’ve posted this before, but I feel it bears repeating…

When home prices start appreciating again, the bottom just passed.

I personally think that due to the magnitude of the bubble and the ensuing economic fallout it will be more severe then any previous downturn.

[Author]

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