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Anyone esle get the “We’re sorry, this video is no longer available.” message?

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Anyone esle get the “We’re sorry, this video is no longer available.” message?

[cr]

Anyone esle get the “We’re sorry, this video is no longer available.” message?

[cr]

Anyone esle get the “We’re sorry, this video is no longer available.” message?

[cr]

Anyone esle get the “We’re sorry, this video is no longer available.” message?

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I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I’m simply saying two things Rus-

1. For my financial situation, prices are not yet at the levels that I want to buy.

2. Factors at work in our economy – tightening lending standards, job losses, foreclosures, and so on – will lead to a prolonged period of correction.

That’s not to say there aren’t great deals hiding out there, but on average things aren’t where the numbers work for me yet. For some, I’m sure they do. Prices in my area have only dropped 20-25% or so.

jpinpb, to answer your question it depends what you pay in rent primarily. My rent is still far lower than I would pay to buy, another reason I am waiting a little longer, and I save the difference for a down payment. But I have considered buying something equivalent to my rent until what I want becomes affordable.

[cr]

I think it was Calculated Risk who had a post a while back on what housing typcially does in a downmarket. Something along the lines of rapid depreciation (where we are now), slowed depreciation, flat, then slow increases.

TG you’re right prices won’t go the $0, but they certainly won’t hit bottom and start a rapid upturn. Just look at the macro factors right now.

Although the HUD has a $1 Home program, though who knows if any have or ever will go for that.

http://www.hud.gov/offices/hsg/sfh/reo/goodn/dhmabout.cfm

I personally am looking for 2000 prices. If they never get there, then I have to decide if I pay more than I want, or if I move.

But I regardless of where the bottom, I don’t see them hitting bottom anytime soon. I’d agree socratt, 5-7 years.

Even 2015 would be a 9 year drop, following a 1996-2006 10 year run up. Based on past bubbles, and the magnitude of this one that’s not out of the question.

[cr]

I think it was Calculated Risk who had a post a while back on what housing typcially does in a downmarket. Something along the lines of rapid depreciation (where we are now), slowed depreciation, flat, then slow increases.

TG you’re right prices won’t go the $0, but they certainly won’t hit bottom and start a rapid upturn. Just look at the macro factors right now.

Although the HUD has a $1 Home program, though who knows if any have or ever will go for that.

http://www.hud.gov/offices/hsg/sfh/reo/goodn/dhmabout.cfm

I personally am looking for 2000 prices. If they never get there, then I have to decide if I pay more than I want, or if I move.

But I regardless of where the bottom, I don’t see them hitting bottom anytime soon. I’d agree socratt, 5-7 years.

Even 2015 would be a 9 year drop, following a 1996-2006 10 year run up. Based on past bubbles, and the magnitude of this one that’s not out of the question.

[cr]

I think it was Calculated Risk who had a post a while back on what housing typcially does in a downmarket. Something along the lines of rapid depreciation (where we are now), slowed depreciation, flat, then slow increases.

TG you’re right prices won’t go the $0, but they certainly won’t hit bottom and start a rapid upturn. Just look at the macro factors right now.

Although the HUD has a $1 Home program, though who knows if any have or ever will go for that.

http://www.hud.gov/offices/hsg/sfh/reo/goodn/dhmabout.cfm

I personally am looking for 2000 prices. If they never get there, then I have to decide if I pay more than I want, or if I move.

But I regardless of where the bottom, I don’t see them hitting bottom anytime soon. I’d agree socratt, 5-7 years.

Even 2015 would be a 9 year drop, following a 1996-2006 10 year run up. Based on past bubbles, and the magnitude of this one that’s not out of the question.

[cr]

I think it was Calculated Risk who had a post a while back on what housing typcially does in a downmarket. Something along the lines of rapid depreciation (where we are now), slowed depreciation, flat, then slow increases.

TG you’re right prices won’t go the $0, but they certainly won’t hit bottom and start a rapid upturn. Just look at the macro factors right now.

Although the HUD has a $1 Home program, though who knows if any have or ever will go for that.

http://www.hud.gov/offices/hsg/sfh/reo/goodn/dhmabout.cfm

I personally am looking for 2000 prices. If they never get there, then I have to decide if I pay more than I want, or if I move.

But I regardless of where the bottom, I don’t see them hitting bottom anytime soon. I’d agree socratt, 5-7 years.

Even 2015 would be a 9 year drop, following a 1996-2006 10 year run up. Based on past bubbles, and the magnitude of this one that’s not out of the question.

[cr]

I think it was Calculated Risk who had a post a while back on what housing typcially does in a downmarket. Something along the lines of rapid depreciation (where we are now), slowed depreciation, flat, then slow increases.

TG you’re right prices won’t go the $0, but they certainly won’t hit bottom and start a rapid upturn. Just look at the macro factors right now.

Although the HUD has a $1 Home program, though who knows if any have or ever will go for that.

http://www.hud.gov/offices/hsg/sfh/reo/goodn/dhmabout.cfm

I personally am looking for 2000 prices. If they never get there, then I have to decide if I pay more than I want, or if I move.

But I regardless of where the bottom, I don’t see them hitting bottom anytime soon. I’d agree socratt, 5-7 years.

Even 2015 would be a 9 year drop, following a 1996-2006 10 year run up. Based on past bubbles, and the magnitude of this one that’s not out of the question.

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