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Participant[quote=esmith]18 million number includes all second homes and vacation homes in the U.S. It’s above average (it’s been in 14-15m range during the boom) but it’s not going to zero.[/quote]
15 million? I’m just speculating, but the majority of that number must be new or foreclosed homes, i.e. not vacation homes.
Sure they account for some of that #, but 10% of that, say 1.5 Million vacation homes would be one for every 200 people in the country (including children). Apartment complexes with 200+ units are common and my guess is if you’re living in an apt, you probably don’t have a vacation home.
I’d be surprised if even 5% of that number is vacation homes.Participant[quote=esmith]18 million number includes all second homes and vacation homes in the U.S. It’s above average (it’s been in 14-15m range during the boom) but it’s not going to zero.[/quote]
15 million? I’m just speculating, but the majority of that number must be new or foreclosed homes, i.e. not vacation homes.
Sure they account for some of that #, but 10% of that, say 1.5 Million vacation homes would be one for every 200 people in the country (including children). Apartment complexes with 200+ units are common and my guess is if you’re living in an apt, you probably don’t have a vacation home.
I’d be surprised if even 5% of that number is vacation homes.Participant[quote=esmith]18 million number includes all second homes and vacation homes in the U.S. It’s above average (it’s been in 14-15m range during the boom) but it’s not going to zero.[/quote]
15 million? I’m just speculating, but the majority of that number must be new or foreclosed homes, i.e. not vacation homes.
Sure they account for some of that #, but 10% of that, say 1.5 Million vacation homes would be one for every 200 people in the country (including children). Apartment complexes with 200+ units are common and my guess is if you’re living in an apt, you probably don’t have a vacation home.
I’d be surprised if even 5% of that number is vacation homes.Participant[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
Participant[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
Participant[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
Participant[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
Participant[quote=sdrealtor]The only bottom that matters is the the bottom for the house you want. There are dettached homes in Escondido in the mid 100’s already. How much further do you think they’ll go?[/quote]
If you look at the bigger economic picture there’s no reason prices won’t overcorrect like they did in the last 2 downturns.
One house at a fundamental “bottom” price doesn’t mean the bottom passed us by, and houses that nearly tripled could fall by at least 50% by the time this thing is over.
ParticipantWhat’s the big deal guys? So Obama has a 6th sense and sees dead people, big deal.
ParticipantWhat’s the big deal guys? So Obama has a 6th sense and sees dead people, big deal.
ParticipantWhat’s the big deal guys? So Obama has a 6th sense and sees dead people, big deal.
ParticipantWhat’s the big deal guys? So Obama has a 6th sense and sees dead people, big deal.
ParticipantWhat’s the big deal guys? So Obama has a 6th sense and sees dead people, big deal.
ParticipantWhere has Schiff been lately? Haven’t seen any new videos on here from him, although I haven’t checked his website, and I haven’t seen him on any news networks.
Maybe they don’t want to hear a big “I told you so.”
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