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Participant[quote=Mark Holmes]I think that within 2 or 3 weeks everyone and his brother will realize how messed up the economy is.[/quote]
Exactly, and as it pertains to housing this may be the start of people viewing housing as an equally poor investment and draw out the downturn there.
Participant[quote=Mark Holmes]I think that within 2 or 3 weeks everyone and his brother will realize how messed up the economy is.[/quote]
Exactly, and as it pertains to housing this may be the start of people viewing housing as an equally poor investment and draw out the downturn there.
Participant[quote=Mark Holmes]I think that within 2 or 3 weeks everyone and his brother will realize how messed up the economy is.[/quote]
Exactly, and as it pertains to housing this may be the start of people viewing housing as an equally poor investment and draw out the downturn there.
ParticipantLess than 30 minutes to go now: -325 and fluctuating madly.
AIG down almost 60% on the day – time to buy? The world’s largest Insurance Group can’t go down, cai it?
It’s about time people realized how messed up this economy is.
ParticipantLess than 30 minutes to go now: -325 and fluctuating madly.
AIG down almost 60% on the day – time to buy? The world’s largest Insurance Group can’t go down, cai it?
It’s about time people realized how messed up this economy is.
ParticipantLess than 30 minutes to go now: -325 and fluctuating madly.
AIG down almost 60% on the day – time to buy? The world’s largest Insurance Group can’t go down, cai it?
It’s about time people realized how messed up this economy is.
ParticipantLess than 30 minutes to go now: -325 and fluctuating madly.
AIG down almost 60% on the day – time to buy? The world’s largest Insurance Group can’t go down, cai it?
It’s about time people realized how messed up this economy is.
ParticipantLess than 30 minutes to go now: -325 and fluctuating madly.
AIG down almost 60% on the day – time to buy? The world’s largest Insurance Group can’t go down, cai it?
It’s about time people realized how messed up this economy is.
ParticipantA lot of the commentary out there suggests at least two things that I see dragging prices down even further regardless of rates, inventory levels, or how how strict lending standards are:
– job losses: likely to shoot up further
– down payments: up to 20% now requiredIf someone is in a recession-proof job and sitting on $200k to drop into a house then they’ll be okay, but that brings up another issue: buyer sentiment.
I think most people believe all the experts who claim prices will turn-around in 2009. Once that idea fades, particularly in the post-bubble areas they’ll likely wait it out longer.
We’re 2 years into the correction of a 10-year run-up that when it should have ended in 2002 went absolutely insane the next 4 years.
The 30% drop so far may be half way, but expect declines to slow and then stay flat for some time.
ParticipantA lot of the commentary out there suggests at least two things that I see dragging prices down even further regardless of rates, inventory levels, or how how strict lending standards are:
– job losses: likely to shoot up further
– down payments: up to 20% now requiredIf someone is in a recession-proof job and sitting on $200k to drop into a house then they’ll be okay, but that brings up another issue: buyer sentiment.
I think most people believe all the experts who claim prices will turn-around in 2009. Once that idea fades, particularly in the post-bubble areas they’ll likely wait it out longer.
We’re 2 years into the correction of a 10-year run-up that when it should have ended in 2002 went absolutely insane the next 4 years.
The 30% drop so far may be half way, but expect declines to slow and then stay flat for some time.
ParticipantA lot of the commentary out there suggests at least two things that I see dragging prices down even further regardless of rates, inventory levels, or how how strict lending standards are:
– job losses: likely to shoot up further
– down payments: up to 20% now requiredIf someone is in a recession-proof job and sitting on $200k to drop into a house then they’ll be okay, but that brings up another issue: buyer sentiment.
I think most people believe all the experts who claim prices will turn-around in 2009. Once that idea fades, particularly in the post-bubble areas they’ll likely wait it out longer.
We’re 2 years into the correction of a 10-year run-up that when it should have ended in 2002 went absolutely insane the next 4 years.
The 30% drop so far may be half way, but expect declines to slow and then stay flat for some time.
ParticipantA lot of the commentary out there suggests at least two things that I see dragging prices down even further regardless of rates, inventory levels, or how how strict lending standards are:
– job losses: likely to shoot up further
– down payments: up to 20% now requiredIf someone is in a recession-proof job and sitting on $200k to drop into a house then they’ll be okay, but that brings up another issue: buyer sentiment.
I think most people believe all the experts who claim prices will turn-around in 2009. Once that idea fades, particularly in the post-bubble areas they’ll likely wait it out longer.
We’re 2 years into the correction of a 10-year run-up that when it should have ended in 2002 went absolutely insane the next 4 years.
The 30% drop so far may be half way, but expect declines to slow and then stay flat for some time.
ParticipantA lot of the commentary out there suggests at least two things that I see dragging prices down even further regardless of rates, inventory levels, or how how strict lending standards are:
– job losses: likely to shoot up further
– down payments: up to 20% now requiredIf someone is in a recession-proof job and sitting on $200k to drop into a house then they’ll be okay, but that brings up another issue: buyer sentiment.
I think most people believe all the experts who claim prices will turn-around in 2009. Once that idea fades, particularly in the post-bubble areas they’ll likely wait it out longer.
We’re 2 years into the correction of a 10-year run-up that when it should have ended in 2002 went absolutely insane the next 4 years.
The 30% drop so far may be half way, but expect declines to slow and then stay flat for some time.
September 15, 2008 at 10:09 AM in reply to: LOL: Greenspan: US in ‘once-in-a-century’ financial crisis #270744ParticipantGreenspan was also asked whether the United States had a greater-than 50 percent chance of escaping a recession.
“No, I think it’s less than 50 percent.
We are in a recession, but it’s not officially determined until after the fact. A think-tank will look back and manufacturing, jobs, money supply, etc, and undoubtedly say yes we are/were in a recession on 2008 and probably most of 2009.
Greenspan just realizes the moment he says we are in a recession panic will wreck havoc. Until they publicly call for his head that is.
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