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5yearwaiter
Participant[quote=briansd1][quote=Ex-SD]L.A. Land: latimes.com
by Peter VilesThe middle and high ends still have a some way to drop.[/quote]
Can anyone take on this? How long will it take to hit middle and high end to drop atleast another 10%?
Participant[quote=briansd1][quote=Ex-SD]L.A. Land: latimes.com
by Peter VilesThe middle and high ends still have a some way to drop.[/quote]
Can anyone take on this? How long will it take to hit middle and high end to drop atleast another 10%?
Participant[quote=briansd1][quote=Ex-SD]L.A. Land: latimes.com
by Peter VilesThe middle and high ends still have a some way to drop.[/quote]
Can anyone take on this? How long will it take to hit middle and high end to drop atleast another 10%?
Participant[quote=briansd1][quote=Ex-SD]L.A. Land: latimes.com
by Peter VilesThe middle and high ends still have a some way to drop.[/quote]
Can anyone take on this? How long will it take to hit middle and high end to drop atleast another 10%?
Participant[quote=briansd1][quote=Ex-SD]L.A. Land: latimes.com
by Peter VilesThe middle and high ends still have a some way to drop.[/quote]
Can anyone take on this? How long will it take to hit middle and high end to drop atleast another 10%?
Participant[quote=partypup][quote=5yearwaiter][quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
The key driver for all of this will be unemployment. We all know that *real* unemployment is closer to 20%, which means we are now reaching depression levels. When layoffs begin to seriously skyrocket next year, we can easily see *real* unemployment reach 30%. At that level, the demand for new and existing homes will literally crater.
Add to that the fact that a USD currency crisis will send bond rates MUCH higher (think the 70s on steroids), and mortgage rates will follow. My parents had an 18% rate on their new home in 1978. If we were to get anywhere close to that now (and we all know that this country is in a much worse position fiscally than we were in the 70s), then the demand for homes will go through the floor.
Seriously, all around, it is just a very, very grim situation for housing.
Food and energy, on the other hand, will skyrocket. People need food to keep breathing and moving, they will have a hard time sharing food the way they share homes, it is cheaper than housing, people will be focused more on investments in their survival, not their portfolios, and no down payment or credit check is required to purchase food. Oil, which is currently dollar-denominated but likely not for long, will shoot skyward when the dollar collapses. Oil has been too cheap for too long in the US (anyone who travels to Europe, Africa or Latin America knows the *true* price of oil), and we are about to join the rest of the world in that regard.
[/quote]When completed this reading … all my face and hads filled with Swett… shevering in fingers while I am typing. That much beautiful life would able to turn to this level. What the heck our rulers and top knotch folks doing all the time just for pusing us more down. Well… it might be better slowly start living in rock age(cave-man)style instead following this tiny hyper image life and get frustrated longer time or forever…..
Participant[quote=partypup][quote=5yearwaiter][quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
The key driver for all of this will be unemployment. We all know that *real* unemployment is closer to 20%, which means we are now reaching depression levels. When layoffs begin to seriously skyrocket next year, we can easily see *real* unemployment reach 30%. At that level, the demand for new and existing homes will literally crater.
Add to that the fact that a USD currency crisis will send bond rates MUCH higher (think the 70s on steroids), and mortgage rates will follow. My parents had an 18% rate on their new home in 1978. If we were to get anywhere close to that now (and we all know that this country is in a much worse position fiscally than we were in the 70s), then the demand for homes will go through the floor.
Seriously, all around, it is just a very, very grim situation for housing.
Food and energy, on the other hand, will skyrocket. People need food to keep breathing and moving, they will have a hard time sharing food the way they share homes, it is cheaper than housing, people will be focused more on investments in their survival, not their portfolios, and no down payment or credit check is required to purchase food. Oil, which is currently dollar-denominated but likely not for long, will shoot skyward when the dollar collapses. Oil has been too cheap for too long in the US (anyone who travels to Europe, Africa or Latin America knows the *true* price of oil), and we are about to join the rest of the world in that regard.
[/quote]When completed this reading … all my face and hads filled with Swett… shevering in fingers while I am typing. That much beautiful life would able to turn to this level. What the heck our rulers and top knotch folks doing all the time just for pusing us more down. Well… it might be better slowly start living in rock age(cave-man)style instead following this tiny hyper image life and get frustrated longer time or forever…..
Participant[quote=partypup][quote=5yearwaiter][quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
The key driver for all of this will be unemployment. We all know that *real* unemployment is closer to 20%, which means we are now reaching depression levels. When layoffs begin to seriously skyrocket next year, we can easily see *real* unemployment reach 30%. At that level, the demand for new and existing homes will literally crater.
Add to that the fact that a USD currency crisis will send bond rates MUCH higher (think the 70s on steroids), and mortgage rates will follow. My parents had an 18% rate on their new home in 1978. If we were to get anywhere close to that now (and we all know that this country is in a much worse position fiscally than we were in the 70s), then the demand for homes will go through the floor.
Seriously, all around, it is just a very, very grim situation for housing.
Food and energy, on the other hand, will skyrocket. People need food to keep breathing and moving, they will have a hard time sharing food the way they share homes, it is cheaper than housing, people will be focused more on investments in their survival, not their portfolios, and no down payment or credit check is required to purchase food. Oil, which is currently dollar-denominated but likely not for long, will shoot skyward when the dollar collapses. Oil has been too cheap for too long in the US (anyone who travels to Europe, Africa or Latin America knows the *true* price of oil), and we are about to join the rest of the world in that regard.
[/quote]When completed this reading … all my face and hads filled with Swett… shevering in fingers while I am typing. That much beautiful life would able to turn to this level. What the heck our rulers and top knotch folks doing all the time just for pusing us more down. Well… it might be better slowly start living in rock age(cave-man)style instead following this tiny hyper image life and get frustrated longer time or forever…..
Participant[quote=partypup][quote=5yearwaiter][quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
The key driver for all of this will be unemployment. We all know that *real* unemployment is closer to 20%, which means we are now reaching depression levels. When layoffs begin to seriously skyrocket next year, we can easily see *real* unemployment reach 30%. At that level, the demand for new and existing homes will literally crater.
Add to that the fact that a USD currency crisis will send bond rates MUCH higher (think the 70s on steroids), and mortgage rates will follow. My parents had an 18% rate on their new home in 1978. If we were to get anywhere close to that now (and we all know that this country is in a much worse position fiscally than we were in the 70s), then the demand for homes will go through the floor.
Seriously, all around, it is just a very, very grim situation for housing.
Food and energy, on the other hand, will skyrocket. People need food to keep breathing and moving, they will have a hard time sharing food the way they share homes, it is cheaper than housing, people will be focused more on investments in their survival, not their portfolios, and no down payment or credit check is required to purchase food. Oil, which is currently dollar-denominated but likely not for long, will shoot skyward when the dollar collapses. Oil has been too cheap for too long in the US (anyone who travels to Europe, Africa or Latin America knows the *true* price of oil), and we are about to join the rest of the world in that regard.
[/quote]When completed this reading … all my face and hads filled with Swett… shevering in fingers while I am typing. That much beautiful life would able to turn to this level. What the heck our rulers and top knotch folks doing all the time just for pusing us more down. Well… it might be better slowly start living in rock age(cave-man)style instead following this tiny hyper image life and get frustrated longer time or forever…..
Participant[quote=partypup][quote=5yearwaiter][quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
The key driver for all of this will be unemployment. We all know that *real* unemployment is closer to 20%, which means we are now reaching depression levels. When layoffs begin to seriously skyrocket next year, we can easily see *real* unemployment reach 30%. At that level, the demand for new and existing homes will literally crater.
Add to that the fact that a USD currency crisis will send bond rates MUCH higher (think the 70s on steroids), and mortgage rates will follow. My parents had an 18% rate on their new home in 1978. If we were to get anywhere close to that now (and we all know that this country is in a much worse position fiscally than we were in the 70s), then the demand for homes will go through the floor.
Seriously, all around, it is just a very, very grim situation for housing.
Food and energy, on the other hand, will skyrocket. People need food to keep breathing and moving, they will have a hard time sharing food the way they share homes, it is cheaper than housing, people will be focused more on investments in their survival, not their portfolios, and no down payment or credit check is required to purchase food. Oil, which is currently dollar-denominated but likely not for long, will shoot skyward when the dollar collapses. Oil has been too cheap for too long in the US (anyone who travels to Europe, Africa or Latin America knows the *true* price of oil), and we are about to join the rest of the world in that regard.
[/quote]When completed this reading … all my face and hads filled with Swett… shevering in fingers while I am typing. That much beautiful life would able to turn to this level. What the heck our rulers and top knotch folks doing all the time just for pusing us more down. Well… it might be better slowly start living in rock age(cave-man)style instead following this tiny hyper image life and get frustrated longer time or forever…..
Participant[quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
Seriously no one can expect correctly which way house prices would go. If it goes high interest rates though the housing is in high stake – who will buy in such interest rates? I would leave this topic to all of you for the correct guess on housing will go high or low when $ devaluation occur.
Participant[quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
Seriously no one can expect correctly which way house prices would go. If it goes high interest rates though the housing is in high stake – who will buy in such interest rates? I would leave this topic to all of you for the correct guess on housing will go high or low when $ devaluation occur.
Participant[quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
Seriously no one can expect correctly which way house prices would go. If it goes high interest rates though the housing is in high stake – who will buy in such interest rates? I would leave this topic to all of you for the correct guess on housing will go high or low when $ devaluation occur.
Participant[quote=scaredycat]whatever result screws me is the one most likely to occur. but seriously, does dollar devaluation send house prices up or down?[/quote]
Seriously no one can expect correctly which way house prices would go. If it goes high interest rates though the housing is in high stake – who will buy in such interest rates? I would leave this topic to all of you for the correct guess on housing will go high or low when $ devaluation occur.
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