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[quote=Cabal] Every month ask 100 people of diverse backgrounds if they think it’s a good time to buy a house. If the answer is 50% positive, we may have turned the corner.[/quote]

I agree with a lot of what you say, but if you asked the same 100 people during the bubble peak what they thought, many would have been positive, otherwise why did they buy, but look how wrong they were.

However, if posters here are representative of the market, then it’s pretty clear that not everyone believes were close to a bottom. The very fact that we are still discussing price declines means that there is still so much uncertainty, which is not a harbinger of confidence. Below is apparently what Robert Shiller thinks.

HOME prices in the United States have been falling for nearly three years, and the decline may well continue for some time …something is definitely different about real estate. Long declines do happen with some regularity. And despite the uptick last week in pending home sales and recent improvement in consumer confidence, we still appear to be in a continuing price decline. ROBERT J. SHILLER June 6, 2009 New York Times

So without going out onto the streets and asking a 100 people, I’d say we have not turned the corner yet.

[34f3f3f]

[quote=Cabal] Every month ask 100 people of diverse backgrounds if they think it’s a good time to buy a house. If the answer is 50% positive, we may have turned the corner.[/quote]

I agree with a lot of what you say, but if you asked the same 100 people during the bubble peak what they thought, many would have been positive, otherwise why did they buy, but look how wrong they were.

However, if posters here are representative of the market, then it’s pretty clear that not everyone believes were close to a bottom. The very fact that we are still discussing price declines means that there is still so much uncertainty, which is not a harbinger of confidence. Below is apparently what Robert Shiller thinks.

HOME prices in the United States have been falling for nearly three years, and the decline may well continue for some time …something is definitely different about real estate. Long declines do happen with some regularity. And despite the uptick last week in pending home sales and recent improvement in consumer confidence, we still appear to be in a continuing price decline. ROBERT J. SHILLER June 6, 2009 New York Times

So without going out onto the streets and asking a 100 people, I’d say we have not turned the corner yet.

[34f3f3f]

[quote=Cabal] Every month ask 100 people of diverse backgrounds if they think it’s a good time to buy a house. If the answer is 50% positive, we may have turned the corner.[/quote]

I agree with a lot of what you say, but if you asked the same 100 people during the bubble peak what they thought, many would have been positive, otherwise why did they buy, but look how wrong they were.

However, if posters here are representative of the market, then it’s pretty clear that not everyone believes were close to a bottom. The very fact that we are still discussing price declines means that there is still so much uncertainty, which is not a harbinger of confidence. Below is apparently what Robert Shiller thinks.

HOME prices in the United States have been falling for nearly three years, and the decline may well continue for some time …something is definitely different about real estate. Long declines do happen with some regularity. And despite the uptick last week in pending home sales and recent improvement in consumer confidence, we still appear to be in a continuing price decline. ROBERT J. SHILLER June 6, 2009 New York Times

So without going out onto the streets and asking a 100 people, I’d say we have not turned the corner yet.

[34f3f3f]

[quote=Cabal] Every month ask 100 people of diverse backgrounds if they think it’s a good time to buy a house. If the answer is 50% positive, we may have turned the corner.[/quote]

I agree with a lot of what you say, but if you asked the same 100 people during the bubble peak what they thought, many would have been positive, otherwise why did they buy, but look how wrong they were.

However, if posters here are representative of the market, then it’s pretty clear that not everyone believes were close to a bottom. The very fact that we are still discussing price declines means that there is still so much uncertainty, which is not a harbinger of confidence. Below is apparently what Robert Shiller thinks.

HOME prices in the United States have been falling for nearly three years, and the decline may well continue for some time …something is definitely different about real estate. Long declines do happen with some regularity. And despite the uptick last week in pending home sales and recent improvement in consumer confidence, we still appear to be in a continuing price decline. ROBERT J. SHILLER June 6, 2009 New York Times

So without going out onto the streets and asking a 100 people, I’d say we have not turned the corner yet.

[34f3f3f]

[quote=Cabal] Every month ask 100 people of diverse backgrounds if they think it’s a good time to buy a house. If the answer is 50% positive, we may have turned the corner.[/quote]

I agree with a lot of what you say, but if you asked the same 100 people during the bubble peak what they thought, many would have been positive, otherwise why did they buy, but look how wrong they were.

However, if posters here are representative of the market, then it’s pretty clear that not everyone believes were close to a bottom. The very fact that we are still discussing price declines means that there is still so much uncertainty, which is not a harbinger of confidence. Below is apparently what Robert Shiller thinks.

HOME prices in the United States have been falling for nearly three years, and the decline may well continue for some time …something is definitely different about real estate. Long declines do happen with some regularity. And despite the uptick last week in pending home sales and recent improvement in consumer confidence, we still appear to be in a continuing price decline. ROBERT J. SHILLER June 6, 2009 New York Times

So without going out onto the streets and asking a 100 people, I’d say we have not turned the corner yet.

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[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?

“Funnel Deposits Into Cash”
“Fed Directly Insuring China”

… more TK[/quote]
Fast Decline Into Chaos
For Dummies In Cash

[34f3f3f]

[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?

“Funnel Deposits Into Cash”
“Fed Directly Insuring China”

… more TK[/quote]
Fast Decline Into Chaos
For Dummies In Cash

[34f3f3f]

[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?

“Funnel Deposits Into Cash”
“Fed Directly Insuring China”

… more TK[/quote]
Fast Decline Into Chaos
For Dummies In Cash

[34f3f3f]

[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?

“Funnel Deposits Into Cash”
“Fed Directly Insuring China”

… more TK[/quote]
Fast Decline Into Chaos
For Dummies In Cash

[34f3f3f]

[quote=AK]Hmmm, what can we do with the acronym FDIC and a few minutes of work?

“Funnel Deposits Into Cash”
“Fed Directly Insuring China”

… more TK[/quote]
Fast Decline Into Chaos
For Dummies In Cash

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The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?

[34f3f3f]

The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?

[34f3f3f]

The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?

[34f3f3f]

The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?

[34f3f3f]

The big question is then, is this delay (or delays) doing any good to anyone either now, or in the long term? I don’t believe that the delays are entirely based upon the premise that house prices will improve. There’s got to be a work over-load element, and chaos to this story. If the market ever gets back to normal (however you wish to define that), and there is still a huge inventory or back log of unprocessed REOs, what happens then?

[Author]

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