Forum Replies Created
-
AuthorPosts
-
(former)FormerSanDiegan
ParticipantI think Rustico nailed it. This market makes sense for two types of buyers. The first are investors working deals, buying low-end properties from banks or distressed sellers. The other are folks who have concluded that after a 25% slide, they have evaded the bulk of the down-side risk and are sick of renting or hearing their significant other complain about renting.
ParticipantThree, inflation is killing peoples wages. The earlier busts had low inflation.
Simply not true.
I wouldn’t call an inflation rate between 5-11% low (1981-82).
Yes, it was low in 1992-1993.
An aside:
By the way, both of these busts had similar drops in terms of real price declines and declines in price to-to-income ratio (see here: http://piggington.com/bubble)
Which one saw steeper nominal price declines ?
The one that occurred in a lower inflation environment.ParticipantThree, inflation is killing peoples wages. The earlier busts had low inflation.
Simply not true.
I wouldn’t call an inflation rate between 5-11% low (1981-82).
Yes, it was low in 1992-1993.
An aside:
By the way, both of these busts had similar drops in terms of real price declines and declines in price to-to-income ratio (see here: http://piggington.com/bubble)
Which one saw steeper nominal price declines ?
The one that occurred in a lower inflation environment.ParticipantThree, inflation is killing peoples wages. The earlier busts had low inflation.
Simply not true.
I wouldn’t call an inflation rate between 5-11% low (1981-82).
Yes, it was low in 1992-1993.
An aside:
By the way, both of these busts had similar drops in terms of real price declines and declines in price to-to-income ratio (see here: http://piggington.com/bubble)
Which one saw steeper nominal price declines ?
The one that occurred in a lower inflation environment.ParticipantThree, inflation is killing peoples wages. The earlier busts had low inflation.
Simply not true.
I wouldn’t call an inflation rate between 5-11% low (1981-82).
Yes, it was low in 1992-1993.
An aside:
By the way, both of these busts had similar drops in terms of real price declines and declines in price to-to-income ratio (see here: http://piggington.com/bubble)
Which one saw steeper nominal price declines ?
The one that occurred in a lower inflation environment.ParticipantThree, inflation is killing peoples wages. The earlier busts had low inflation.
Simply not true.
I wouldn’t call an inflation rate between 5-11% low (1981-82).
Yes, it was low in 1992-1993.
An aside:
By the way, both of these busts had similar drops in terms of real price declines and declines in price to-to-income ratio (see here: http://piggington.com/bubble)
Which one saw steeper nominal price declines ?
The one that occurred in a lower inflation environment.ParticipantWhy is there no spike in inventory during this Spring “buying season”?????
I take this as capitulation of the “want to sell” inventory.
These people still had hope in late 2006 and put their homes on the market in Spring 2007 to make want they wanted to so they could move up or move out or break even or get out from behind resets. Now, with prices down people know they won’t be able to sell easily. So, folks are simply holding on.ParticipantWhy is there no spike in inventory during this Spring “buying season”?????
I take this as capitulation of the “want to sell” inventory.
These people still had hope in late 2006 and put their homes on the market in Spring 2007 to make want they wanted to so they could move up or move out or break even or get out from behind resets. Now, with prices down people know they won’t be able to sell easily. So, folks are simply holding on.ParticipantWhy is there no spike in inventory during this Spring “buying season”?????
I take this as capitulation of the “want to sell” inventory.
These people still had hope in late 2006 and put their homes on the market in Spring 2007 to make want they wanted to so they could move up or move out or break even or get out from behind resets. Now, with prices down people know they won’t be able to sell easily. So, folks are simply holding on.ParticipantWhy is there no spike in inventory during this Spring “buying season”?????
I take this as capitulation of the “want to sell” inventory.
These people still had hope in late 2006 and put their homes on the market in Spring 2007 to make want they wanted to so they could move up or move out or break even or get out from behind resets. Now, with prices down people know they won’t be able to sell easily. So, folks are simply holding on.ParticipantWhy is there no spike in inventory during this Spring “buying season”?????
I take this as capitulation of the “want to sell” inventory.
These people still had hope in late 2006 and put their homes on the market in Spring 2007 to make want they wanted to so they could move up or move out or break even or get out from behind resets. Now, with prices down people know they won’t be able to sell easily. So, folks are simply holding on.ParticipantQ. What percentage of the Federal Tax Revenues are paid by those who will NOT qualify to receive one of these stimulus checks ?
A. 86 %
Q. So, that’s not really giving peple back there money, is it ?
A. Shut up.
ParticipantQ. What percentage of the Federal Tax Revenues are paid by those who will NOT qualify to receive one of these stimulus checks ?
A. 86 %
Q. So, that’s not really giving peple back there money, is it ?
A. Shut up.
ParticipantQ. What percentage of the Federal Tax Revenues are paid by those who will NOT qualify to receive one of these stimulus checks ?
A. 86 %
Q. So, that’s not really giving peple back there money, is it ?
A. Shut up.
-
AuthorPosts
