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November 5, 2007 at 10:07 AM in reply to: Think home-price slide is over? The worst appears yet to come.(SD) #95934November 5, 2007 at 10:07 AM in reply to: Think home-price slide is over? The worst appears yet to come.(SD) #95942
Ex-SD
ParticipantI don’t think he was taking about when housing prices hit their peak: I think he was referring to when the bottom completely fell out of the housing market and everyone finally acknowledged it in 2007. Where he got the 5 year number is beyond me. Actually, housing prices in CA really started going up in 1998 and peaked in the later part of 2005. That was a good seven year + run.
November 5, 2007 at 8:44 AM in reply to: Think home-price slide is over? The worst appears yet to come.(SD) #95821Participant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. Properties are going to slide back to neighborhood income, so people will be able to afford them. It has always been thus.”
Some people have questioned my sanity because I have continued to say that we won’t hit the bottom until late 2011 but probably 2012. Looks like a few other people are starting to think the same way.
November 5, 2007 at 8:44 AM in reply to: Think home-price slide is over? The worst appears yet to come.(SD) #95879Participant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. Properties are going to slide back to neighborhood income, so people will be able to afford them. It has always been thus.”
Some people have questioned my sanity because I have continued to say that we won’t hit the bottom until late 2011 but probably 2012. Looks like a few other people are starting to think the same way.
November 5, 2007 at 8:44 AM in reply to: Think home-price slide is over? The worst appears yet to come.(SD) #95889Participant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. Properties are going to slide back to neighborhood income, so people will be able to afford them. It has always been thus.”
Some people have questioned my sanity because I have continued to say that we won’t hit the bottom until late 2011 but probably 2012. Looks like a few other people are starting to think the same way.
November 5, 2007 at 8:44 AM in reply to: Think home-price slide is over? The worst appears yet to come.(SD) #95895Participant“Everyone’s talking about the real estate market coming back in 2009,” said Robert Simpson, chief executive of Investors Mortgage Asset Recovery Co. in Irvine. “We’re not coming back anywhere near 2009. It took about five years for this market to build up, and it’ll take five years to come down. Properties are going to slide back to neighborhood income, so people will be able to afford them. It has always been thus.”
Some people have questioned my sanity because I have continued to say that we won’t hit the bottom until late 2011 but probably 2012. Looks like a few other people are starting to think the same way.
ParticipantYou and I are in total agreement on this subject.
Good facts for those who are still thinking of buying right now.ParticipantYou and I are in total agreement on this subject.
Good facts for those who are still thinking of buying right now.ParticipantYou and I are in total agreement on this subject.
Good facts for those who are still thinking of buying right now.ParticipantFor what it’s worth: I am convinced that prices will drop in the areas where you are looking. Historically, the high end areas have been the last to see prices fall………..but they fell just like everywhere else. I think that you will NOT regret waiting. You can always start looking again when you feel the urge.
ParticipantFor what it’s worth: I am convinced that prices will drop in the areas where you are looking. Historically, the high end areas have been the last to see prices fall………..but they fell just like everywhere else. I think that you will NOT regret waiting. You can always start looking again when you feel the urge.
ParticipantFor what it’s worth: I am convinced that prices will drop in the areas where you are looking. Historically, the high end areas have been the last to see prices fall………..but they fell just like everywhere else. I think that you will NOT regret waiting. You can always start looking again when you feel the urge.
ParticipantThere will always be knife-catchers who either think that the problems in the housing market will soon pass or they don’t keep up with what’s really going on in the world. Anyone who buys right now is likely to be stuck with a property that they can’t sell for what they paid for it…………for a looooooong time.
ParticipantThere will always be knife-catchers who either think that the problems in the housing market will soon pass or they don’t keep up with what’s really going on in the world. Anyone who buys right now is likely to be stuck with a property that they can’t sell for what they paid for it…………for a looooooong time.
ParticipantThere will always be knife-catchers who either think that the problems in the housing market will soon pass or they don’t keep up with what’s really going on in the world. Anyone who buys right now is likely to be stuck with a property that they can’t sell for what they paid for it…………for a looooooong time.
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