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June 2, 2009 at 11:53 AM in reply to: Excellent update on current state of real estate market #409054June 2, 2009 at 11:53 AM in reply to: Excellent update on current state of real estate market #409295
ibjames
Participant[quote=sdrealtor]Interesting stuff but here’s my question?
“Since no housing bubble has ever reached the insane levels of the recent one, you can expect the overshoot to be particularly deep.”
So they are saying we should look to the past for what has happened but since we’ve never seen anything like this before we can EXPECT the overshoot to be particularly deep.
How can they make a statement like that, sure looks a lot more like a guess to me? We’ve never seen this before and have no way of knowing what its going to look like, plain and simple.[/quote]
Especially with the gubmint trying everything they can to make sure it doesn’t happen.. it may end up just being a long, drawn out process instead of the dive everyone thinks, housing started to dive quickly, and the gubmint made sure they slowed that down, who knows what else they have up their sleeve.
Most will say they can’t print money forever, etc. etc., nothing seems to be stopping anyone from doing anything, so who knows where things will go from here
June 2, 2009 at 11:53 AM in reply to: Excellent update on current state of real estate market #409541ibjames
Participant[quote=sdrealtor]Interesting stuff but here’s my question?
“Since no housing bubble has ever reached the insane levels of the recent one, you can expect the overshoot to be particularly deep.”
So they are saying we should look to the past for what has happened but since we’ve never seen anything like this before we can EXPECT the overshoot to be particularly deep.
How can they make a statement like that, sure looks a lot more like a guess to me? We’ve never seen this before and have no way of knowing what its going to look like, plain and simple.[/quote]
Especially with the gubmint trying everything they can to make sure it doesn’t happen.. it may end up just being a long, drawn out process instead of the dive everyone thinks, housing started to dive quickly, and the gubmint made sure they slowed that down, who knows what else they have up their sleeve.
Most will say they can’t print money forever, etc. etc., nothing seems to be stopping anyone from doing anything, so who knows where things will go from here
June 2, 2009 at 11:53 AM in reply to: Excellent update on current state of real estate market #409603ibjames
Participant[quote=sdrealtor]Interesting stuff but here’s my question?
“Since no housing bubble has ever reached the insane levels of the recent one, you can expect the overshoot to be particularly deep.”
So they are saying we should look to the past for what has happened but since we’ve never seen anything like this before we can EXPECT the overshoot to be particularly deep.
How can they make a statement like that, sure looks a lot more like a guess to me? We’ve never seen this before and have no way of knowing what its going to look like, plain and simple.[/quote]
Especially with the gubmint trying everything they can to make sure it doesn’t happen.. it may end up just being a long, drawn out process instead of the dive everyone thinks, housing started to dive quickly, and the gubmint made sure they slowed that down, who knows what else they have up their sleeve.
Most will say they can’t print money forever, etc. etc., nothing seems to be stopping anyone from doing anything, so who knows where things will go from here
June 2, 2009 at 11:53 AM in reply to: Excellent update on current state of real estate market #409754ibjames
Participant[quote=sdrealtor]Interesting stuff but here’s my question?
“Since no housing bubble has ever reached the insane levels of the recent one, you can expect the overshoot to be particularly deep.”
So they are saying we should look to the past for what has happened but since we’ve never seen anything like this before we can EXPECT the overshoot to be particularly deep.
How can they make a statement like that, sure looks a lot more like a guess to me? We’ve never seen this before and have no way of knowing what its going to look like, plain and simple.[/quote]
Especially with the gubmint trying everything they can to make sure it doesn’t happen.. it may end up just being a long, drawn out process instead of the dive everyone thinks, housing started to dive quickly, and the gubmint made sure they slowed that down, who knows what else they have up their sleeve.
Most will say they can’t print money forever, etc. etc., nothing seems to be stopping anyone from doing anything, so who knows where things will go from here
ibjames
ParticipantFor houses in the 400k and lower range, it is an absolute zoo out there, it is like ants finding a piece of food, a place gets listed, and you go to see it and 3 people are already looking at it.
The higher end areas may feel more pain, but it is hard to say that 400k and lower will at this point. It seems like the demand for those types of places is so high it can’t be stopped.
If a place hits close to the 300k mark or slightly lower, it doesn’t stay that low for long. (where I was hoping to scoop up a property)
Nothing like looking at a property and it has at least 5-10, sometimes more, bids on it
Are you guys all in rentals that you like a lot that it doesn’t bother you to rent at all? The thought of moving to another rental that I like and then to a house I finally buy makes me want to puke!
ibjames
ParticipantFor houses in the 400k and lower range, it is an absolute zoo out there, it is like ants finding a piece of food, a place gets listed, and you go to see it and 3 people are already looking at it.
The higher end areas may feel more pain, but it is hard to say that 400k and lower will at this point. It seems like the demand for those types of places is so high it can’t be stopped.
If a place hits close to the 300k mark or slightly lower, it doesn’t stay that low for long. (where I was hoping to scoop up a property)
Nothing like looking at a property and it has at least 5-10, sometimes more, bids on it
Are you guys all in rentals that you like a lot that it doesn’t bother you to rent at all? The thought of moving to another rental that I like and then to a house I finally buy makes me want to puke!
ibjames
ParticipantFor houses in the 400k and lower range, it is an absolute zoo out there, it is like ants finding a piece of food, a place gets listed, and you go to see it and 3 people are already looking at it.
The higher end areas may feel more pain, but it is hard to say that 400k and lower will at this point. It seems like the demand for those types of places is so high it can’t be stopped.
If a place hits close to the 300k mark or slightly lower, it doesn’t stay that low for long. (where I was hoping to scoop up a property)
Nothing like looking at a property and it has at least 5-10, sometimes more, bids on it
Are you guys all in rentals that you like a lot that it doesn’t bother you to rent at all? The thought of moving to another rental that I like and then to a house I finally buy makes me want to puke!
ibjames
ParticipantFor houses in the 400k and lower range, it is an absolute zoo out there, it is like ants finding a piece of food, a place gets listed, and you go to see it and 3 people are already looking at it.
The higher end areas may feel more pain, but it is hard to say that 400k and lower will at this point. It seems like the demand for those types of places is so high it can’t be stopped.
If a place hits close to the 300k mark or slightly lower, it doesn’t stay that low for long. (where I was hoping to scoop up a property)
Nothing like looking at a property and it has at least 5-10, sometimes more, bids on it
Are you guys all in rentals that you like a lot that it doesn’t bother you to rent at all? The thought of moving to another rental that I like and then to a house I finally buy makes me want to puke!
ibjames
ParticipantFor houses in the 400k and lower range, it is an absolute zoo out there, it is like ants finding a piece of food, a place gets listed, and you go to see it and 3 people are already looking at it.
The higher end areas may feel more pain, but it is hard to say that 400k and lower will at this point. It seems like the demand for those types of places is so high it can’t be stopped.
If a place hits close to the 300k mark or slightly lower, it doesn’t stay that low for long. (where I was hoping to scoop up a property)
Nothing like looking at a property and it has at least 5-10, sometimes more, bids on it
Are you guys all in rentals that you like a lot that it doesn’t bother you to rent at all? The thought of moving to another rental that I like and then to a house I finally buy makes me want to puke!
ibjames
ParticipantI carry no balances, and my wife and I use one card sparingly to make sure we keep it, I had Citi give me a use it or lose it warning a while ago, I didn’t believe they would actually cancel me..
they did! Bastards!
Eh… less junk in my wallet
ibjames
ParticipantI carry no balances, and my wife and I use one card sparingly to make sure we keep it, I had Citi give me a use it or lose it warning a while ago, I didn’t believe they would actually cancel me..
they did! Bastards!
Eh… less junk in my wallet
ibjames
ParticipantI carry no balances, and my wife and I use one card sparingly to make sure we keep it, I had Citi give me a use it or lose it warning a while ago, I didn’t believe they would actually cancel me..
they did! Bastards!
Eh… less junk in my wallet
ibjames
ParticipantI carry no balances, and my wife and I use one card sparingly to make sure we keep it, I had Citi give me a use it or lose it warning a while ago, I didn’t believe they would actually cancel me..
they did! Bastards!
Eh… less junk in my wallet
ibjames
ParticipantI carry no balances, and my wife and I use one card sparingly to make sure we keep it, I had Citi give me a use it or lose it warning a while ago, I didn’t believe they would actually cancel me..
they did! Bastards!
Eh… less junk in my wallet
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