Yes! It’s happening, or people are finally starting to acknowledge it, the double dip

[briansd1]

Arraya, I think that credit is the great innovation of capitalism. It allows the front- loading of consumption and accelerates wealth creation.

The future payback can be painful, but what’s the alternative to continued consumption and GDP growth? (I’m talking about an alternative that would be widely embraced by the population).

[UCGal]

[quote=MadeInTaiwan]I sense that asking prices have dipped a little in 92024 and southern 92009. However, I also noticed that the southbound traffic during the morning rush hour has definitely worsened compared to last January. Of course, there is no telling if those commuters can afford $4K mortgages. Time will tell…[/quote]
I think that’s more indicitive of recoverying employment than improving housing.

[UCGal]

[quote=MadeInTaiwan]I sense that asking prices have dipped a little in 92024 and southern 92009. However, I also noticed that the southbound traffic during the morning rush hour has definitely worsened compared to last January. Of course, there is no telling if those commuters can afford $4K mortgages. Time will tell…[/quote]
I think that’s more indicitive of recoverying employment than improving housing.

[UCGal]

[quote=MadeInTaiwan]I sense that asking prices have dipped a little in 92024 and southern 92009. However, I also noticed that the southbound traffic during the morning rush hour has definitely worsened compared to last January. Of course, there is no telling if those commuters can afford $4K mortgages. Time will tell…[/quote]
I think that’s more indicitive of recoverying employment than improving housing.

[UCGal]

[quote=MadeInTaiwan]I sense that asking prices have dipped a little in 92024 and southern 92009. However, I also noticed that the southbound traffic during the morning rush hour has definitely worsened compared to last January. Of course, there is no telling if those commuters can afford $4K mortgages. Time will tell…[/quote]
I think that’s more indicitive of recoverying employment than improving housing.

[UCGal]

[quote=MadeInTaiwan]I sense that asking prices have dipped a little in 92024 and southern 92009. However, I also noticed that the southbound traffic during the morning rush hour has definitely worsened compared to last January. Of course, there is no telling if those commuters can afford $4K mortgages. Time will tell…[/quote]
I think that’s more indicitive of recoverying employment than improving housing.

[lifeisgood]

Based on this article and others that I have read on yahoo, it seems that California is seeing a sales increase. San Diego was ranked in the top 5 in the country for potential home value increase. They have predicted a 3% increase in home value over the next three years in San Diego. I somewhat agree with this prediction. Of course there are certain areas of the county that will see decreases, but overall there are still people actually moving here that need homes. They are still building in my neighborhood and selling each phase immediately. Just my thoughts.

[lifeisgood]

Based on this article and others that I have read on yahoo, it seems that California is seeing a sales increase. San Diego was ranked in the top 5 in the country for potential home value increase. They have predicted a 3% increase in home value over the next three years in San Diego. I somewhat agree with this prediction. Of course there are certain areas of the county that will see decreases, but overall there are still people actually moving here that need homes. They are still building in my neighborhood and selling each phase immediately. Just my thoughts.

[lifeisgood]

Based on this article and others that I have read on yahoo, it seems that California is seeing a sales increase. San Diego was ranked in the top 5 in the country for potential home value increase. They have predicted a 3% increase in home value over the next three years in San Diego. I somewhat agree with this prediction. Of course there are certain areas of the county that will see decreases, but overall there are still people actually moving here that need homes. They are still building in my neighborhood and selling each phase immediately. Just my thoughts.

[lifeisgood]

Based on this article and others that I have read on yahoo, it seems that California is seeing a sales increase. San Diego was ranked in the top 5 in the country for potential home value increase. They have predicted a 3% increase in home value over the next three years in San Diego. I somewhat agree with this prediction. Of course there are certain areas of the county that will see decreases, but overall there are still people actually moving here that need homes. They are still building in my neighborhood and selling each phase immediately. Just my thoughts.

[lifeisgood]

Based on this article and others that I have read on yahoo, it seems that California is seeing a sales increase. San Diego was ranked in the top 5 in the country for potential home value increase. They have predicted a 3% increase in home value over the next three years in San Diego. I somewhat agree with this prediction. Of course there are certain areas of the county that will see decreases, but overall there are still people actually moving here that need homes. They are still building in my neighborhood and selling each phase immediately. Just my thoughts.

[sdduuuude]

[quote=CA renter]Though it’s counter-intuitive, I think we’ll see housing weaken as the rest of the economy improves. The housing market is being propped up **because the economy is weak.** Once the economy strengthens, it will become more and more difficult to justify spending so much money on artificially propping up the housing market (including the govt-backed mortgage market).

Cheap houses and plentiful jobs…now THAT would make for a healthy economy! ;)[/quote]

I like this theory, I think. I’m going to use it as if it were my own idea from now on 🙂

[sdduuuude]

[quote=CA renter]Though it’s counter-intuitive, I think we’ll see housing weaken as the rest of the economy improves. The housing market is being propped up **because the economy is weak.** Once the economy strengthens, it will become more and more difficult to justify spending so much money on artificially propping up the housing market (including the govt-backed mortgage market).

Cheap houses and plentiful jobs…now THAT would make for a healthy economy! ;)[/quote]

I like this theory, I think. I’m going to use it as if it were my own idea from now on 🙂

[sdduuuude]

[quote=CA renter]Though it’s counter-intuitive, I think we’ll see housing weaken as the rest of the economy improves. The housing market is being propped up **because the economy is weak.** Once the economy strengthens, it will become more and more difficult to justify spending so much money on artificially propping up the housing market (including the govt-backed mortgage market).

Cheap houses and plentiful jobs…now THAT would make for a healthy economy! ;)[/quote]

I like this theory, I think. I’m going to use it as if it were my own idea from now on 🙂

[sdduuuude]

[quote=CA renter]Though it’s counter-intuitive, I think we’ll see housing weaken as the rest of the economy improves. The housing market is being propped up **because the economy is weak.** Once the economy strengthens, it will become more and more difficult to justify spending so much money on artificially propping up the housing market (including the govt-backed mortgage market).

Cheap houses and plentiful jobs…now THAT would make for a healthy economy! ;)[/quote]

I like this theory, I think. I’m going to use it as if it were my own idea from now on 🙂

[Author]

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