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ParticipantOr, you could just slow down a little. I drive a lot of miles every year and I’ve only gotten one speeding ticket (1995, I totally deserved it) in the last 25 years. It’s not a matter of chance.
ParticipantOr, you could just slow down a little. I drive a lot of miles every year and I’ve only gotten one speeding ticket (1995, I totally deserved it) in the last 25 years. It’s not a matter of chance.
ParticipantOr, you could just slow down a little. I drive a lot of miles every year and I’ve only gotten one speeding ticket (1995, I totally deserved it) in the last 25 years. It’s not a matter of chance.
ParticipantOr, you could just slow down a little. I drive a lot of miles every year and I’ve only gotten one speeding ticket (1995, I totally deserved it) in the last 25 years. It’s not a matter of chance.
August 20, 2008 at 8:53 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #258985ParticipantBy now, the “it will never happen here” crowd has been proven wrong so often I’m amazed that anyone would give their utterances any credence whatsoever.
New paradigm? Didn’t happen
Soft landing? Didn’t happen
We’ve finally reached the bottom? Hasn’t even come closeIt won’t overcorrect past the trend? The jury may still be out on that one but it shouldn’t be.
Prof. Grantham & Co. have documented all those bubble markets and to date 100% of them have reverted to the long term trendline. Most of them overcorrected; all the real estate bubbles overcorrected. Who here truly believes that the current cycle will result in pricing that doesn’t overcorrect below the long term trend?
Excess is a knife that cuts both ways.
August 20, 2008 at 8:53 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #259176ParticipantBy now, the “it will never happen here” crowd has been proven wrong so often I’m amazed that anyone would give their utterances any credence whatsoever.
New paradigm? Didn’t happen
Soft landing? Didn’t happen
We’ve finally reached the bottom? Hasn’t even come closeIt won’t overcorrect past the trend? The jury may still be out on that one but it shouldn’t be.
Prof. Grantham & Co. have documented all those bubble markets and to date 100% of them have reverted to the long term trendline. Most of them overcorrected; all the real estate bubbles overcorrected. Who here truly believes that the current cycle will result in pricing that doesn’t overcorrect below the long term trend?
Excess is a knife that cuts both ways.
August 20, 2008 at 8:53 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #259190ParticipantBy now, the “it will never happen here” crowd has been proven wrong so often I’m amazed that anyone would give their utterances any credence whatsoever.
New paradigm? Didn’t happen
Soft landing? Didn’t happen
We’ve finally reached the bottom? Hasn’t even come closeIt won’t overcorrect past the trend? The jury may still be out on that one but it shouldn’t be.
Prof. Grantham & Co. have documented all those bubble markets and to date 100% of them have reverted to the long term trendline. Most of them overcorrected; all the real estate bubbles overcorrected. Who here truly believes that the current cycle will result in pricing that doesn’t overcorrect below the long term trend?
Excess is a knife that cuts both ways.
August 20, 2008 at 8:53 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #259237ParticipantBy now, the “it will never happen here” crowd has been proven wrong so often I’m amazed that anyone would give their utterances any credence whatsoever.
New paradigm? Didn’t happen
Soft landing? Didn’t happen
We’ve finally reached the bottom? Hasn’t even come closeIt won’t overcorrect past the trend? The jury may still be out on that one but it shouldn’t be.
Prof. Grantham & Co. have documented all those bubble markets and to date 100% of them have reverted to the long term trendline. Most of them overcorrected; all the real estate bubbles overcorrected. Who here truly believes that the current cycle will result in pricing that doesn’t overcorrect below the long term trend?
Excess is a knife that cuts both ways.
August 20, 2008 at 8:53 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #259279ParticipantBy now, the “it will never happen here” crowd has been proven wrong so often I’m amazed that anyone would give their utterances any credence whatsoever.
New paradigm? Didn’t happen
Soft landing? Didn’t happen
We’ve finally reached the bottom? Hasn’t even come closeIt won’t overcorrect past the trend? The jury may still be out on that one but it shouldn’t be.
Prof. Grantham & Co. have documented all those bubble markets and to date 100% of them have reverted to the long term trendline. Most of them overcorrected; all the real estate bubbles overcorrected. Who here truly believes that the current cycle will result in pricing that doesn’t overcorrect below the long term trend?
Excess is a knife that cuts both ways.
ParticipantI think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.
However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.
BTW, costs are dropping, too, not that it much matters.
As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.
ParticipantI think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.
However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.
BTW, costs are dropping, too, not that it much matters.
As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.
ParticipantI think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.
However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.
BTW, costs are dropping, too, not that it much matters.
As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.
ParticipantI think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.
However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.
BTW, costs are dropping, too, not that it much matters.
As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.
ParticipantI think the CEO of Toll Brothers is probably right – they can’t go much lower than their costs.
However, cost does not equal value. Values can and do go lower than costs. That risk is why developers can readily make a lot of money when times are good, and can just as readily go broke when times are bad.
BTW, costs are dropping, too, not that it much matters.
As for Diamond Bar, that area is closer to significant employment than points east. Your trend for correction will continue to march in from the periphery. It’s not a question of if, but when.
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