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bubble_contagionParticipant
I can confirm that rents in UTC have stayed the same for the last 13 months, making it the longest period without an increase since 2001 when I started tracking.
bubble_contagionParticipantI can confirm that rents in UTC have stayed the same for the last 13 months, making it the longest period without an increase since 2001 when I started tracking.
bubble_contagionParticipantI can confirm that rents in UTC have stayed the same for the last 13 months, making it the longest period without an increase since 2001 when I started tracking.
bubble_contagionParticipantSome sellers are now listing prices in Euros to hedge againt inflation 😉
bubble_contagionParticipantAsk them to help you out with rent or give you a single cash payment so that they end up spending the same amount of money.
bubble_contagionParticipantI would expect most regulars on this site to be surprised by this year’s incredible stock market run up. If you had all you money in CDs, too bad. But it has been crazy and againts all logic. Today, for example, Citi (the largest bank in the world) announces a 1.4 billion write down and what happens? Citi stock goes up and the Dow rallies to record highs.
bubble_contagionParticipantGreenspan used the phrase “irrational exhuberance” years before Shiller used it in his book.
bubble_contagionParticipant10 out of 12 and I am not a citizen or have attended a US school. I did, however, read the books about the US and it’s history given for free at American embassies.
bubble_contagionParticipantSo far the only outcome from cutting the rate that homeowners have seen is inflation and higher mortgage rates. The price of oil and other imported goods will make things more expensive pushing more homeowners into foreclosure. In addition, long term interest rates go up when there is expectation of inflation so mortgage rates went up after the cut and may continue to do so if the dollar keeps loosing value. So yes, Bernake may have helped the credit crunch with the cut but home prices are now even more doomed. Some ARM resets may be lower now but 50 basis points is small compared to adjustment from teaser rate to full rate.
bubble_contagionParticipantRich,
How do you invest in Euro or another currency CD in the USA?
September 16, 2007 at 9:43 AM in reply to: Powayseller criticizes Rich’s analysis on Market Ticker #84706bubble_contagionParticipantWould it work the other way around too?
During boom years more smaller, lower quality properties sell skewing the median down. During bust years only nicer, larger properties sell skewing the median up. Say what you want about the median but if the market corrects to levels aligned with rents and income it will have to come down. This has not happened yet.
bubble_contagionParticipant156 and counting….
Everybody is waiting for Countrywide and Option One to go bust.
bubble_contagionParticipantThanks God! I live in UTC and the last thing I would like is a coaster or trolley station bringing strange characters to the neighborhood. Even though I work downtown next to a trolley station and could commute on it, I like driving my car in the mornings, drinking my coffee and listening to the radio.
bubble_contagionParticipantNothing wrong with your assumptions. These units are almost to the point that it may make sense to buy if you have a 20% down, good credit and plan to live there (and deduct taxes). I say “it makes sense” because the montly payments would be close to the rent payments. In the last cycle prices over corrected and renting was actually more expensive (without considering the loss in equity). Also consider that HOA fees for those 2 bed units are $350/month.
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