[bob007]

i expect real estate to underperform until 2015. it might be okay to buy in 2009-2010. at least your downside would be limited.

[bob007]

I do not think we are anywhere near a tipping point. In the short term the credit bubble, sub-prime mess, affordability issue will work out.

In the long run competition from China/India, immigration from Mexico will determine housing prices.

[bob007]

I do not think we are anywhere near a tipping point. In the short term the credit bubble, sub-prime mess, affordability issue will work out.

In the long run competition from China/India, immigration from Mexico will determine housing prices.

[bob007]

in the past it was hard to walk away from a home because you put a 20% down payment. Now it is a lot easier because your home was purchased 0% down.

[bob007]

in the past it was hard to walk away from a home because you put a 20% down payment. Now it is a lot easier because your home was purchased 0% down.

[bob007]

That is a lot of money to lose. It was not like they were charging a high interest rate to begin with. Why are people taking that kind of risk for a puny return (< 7%)

[bob007]

That is a lot of money to lose. It was not like they were charging a high interest rate to begin with. Why are people taking that kind of risk for a puny return (< 7%)

[bob007]

I agree with KIBU. But usually high inflation means high interest rates. I think interest rates will lag inflation. I cannot wait to see what 9% mortgage rate does to California real estate markets

[bob007]

I agree with KIBU. But usually high inflation means high interest rates. I think interest rates will lag inflation. I cannot wait to see what 9% mortgage rate does to California real estate markets

[bob007]

stocks are held by billionaires, wealthy upper middle class folks, huge pension funds.

Unless those folks have to sell S&P is unlikely to see 600.

[bob007]

stocks are held by billionaires, wealthy upper middle class folks, huge pension funds.

Unless those folks have to sell S&P is unlikely to see 600.

[bob007]

i think some of the “victims” knew what they were doing. they went along for the “ride”. Now that the party ended they are complaining that they were cheated.

[bob007]

i think some of the “victims” knew what they were doing. they went along for the “ride”. Now that the party ended they are complaining that they were cheated.

[bob007]

I think it misses the greater point. The real point is homeowners cannot expect double digit gains in terms of home appreciation.

[bob007]

I think it misses the greater point. The real point is homeowners cannot expect double digit gains in terms of home appreciation.

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