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ParticipantShiller’s point though dependent on income growth is valid – it’s the silver lining our short-sighted political jesters fail to see: lower prices mean more people will actually be able to afford houses again.
Shiller is no doubt aware that incomes and jobs are on the decline as this bubble plays out, thus necessitating an even bigger drop in prices.
The question is when – most of us here have a target price in mind that we would consider buying at. For me, it’s still got a ways to go.
People bitter about prices dropping don’t understand that the value of their house is meaningless until they go to sell it. They either paid too much, can’t afford it now, or wish they had sold a year a half ago.
If you can actually afford your home long term, you have nothing to worry about.
ParticipantShiller’s point though dependent on income growth is valid – it’s the silver lining our short-sighted political jesters fail to see: lower prices mean more people will actually be able to afford houses again.
Shiller is no doubt aware that incomes and jobs are on the decline as this bubble plays out, thus necessitating an even bigger drop in prices.
The question is when – most of us here have a target price in mind that we would consider buying at. For me, it’s still got a ways to go.
People bitter about prices dropping don’t understand that the value of their house is meaningless until they go to sell it. They either paid too much, can’t afford it now, or wish they had sold a year a half ago.
If you can actually afford your home long term, you have nothing to worry about.
ParticipantShiller’s point though dependent on income growth is valid – it’s the silver lining our short-sighted political jesters fail to see: lower prices mean more people will actually be able to afford houses again.
Shiller is no doubt aware that incomes and jobs are on the decline as this bubble plays out, thus necessitating an even bigger drop in prices.
The question is when – most of us here have a target price in mind that we would consider buying at. For me, it’s still got a ways to go.
People bitter about prices dropping don’t understand that the value of their house is meaningless until they go to sell it. They either paid too much, can’t afford it now, or wish they had sold a year a half ago.
If you can actually afford your home long term, you have nothing to worry about.
ParticipantShiller’s point though dependent on income growth is valid – it’s the silver lining our short-sighted political jesters fail to see: lower prices mean more people will actually be able to afford houses again.
Shiller is no doubt aware that incomes and jobs are on the decline as this bubble plays out, thus necessitating an even bigger drop in prices.
The question is when – most of us here have a target price in mind that we would consider buying at. For me, it’s still got a ways to go.
People bitter about prices dropping don’t understand that the value of their house is meaningless until they go to sell it. They either paid too much, can’t afford it now, or wish they had sold a year a half ago.
If you can actually afford your home long term, you have nothing to worry about.
ParticipantBB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
ParticipantBB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
ParticipantBB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
ParticipantBB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
ParticipantBB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
ParticipantSure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
ParticipantSure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
ParticipantSure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
ParticipantSure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
ParticipantSure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
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