[jeeman]

“I’m not an economist but it seems to me that if everyone waits and prices plummet, then when everyone jumps in, we will be right back where we were before with escalating prices.”

Not investors. It takes a while to change their psychology, especially if real estate turns out to be a horrible investment like it always has been.

During the boom, non-owner occupied purchases were 48% of the activity. That means half of all purchases were investors/speculators.

Jeeman

[jeeman]

j,

I think inflation should not be too bad. The EU is concerned over their Euro being too strong and are now looking at lowering rates to weaken it. Their exports are starting to get hit as a result of the strong euro.

Most things even out in the end.

But I do hope that housing in SD gets a 30-40% shave.

Jeeman

[jeeman]

Um, I get a video of an interview with Robert Schiller.

Jeeman

[jeeman]

Interesting about Evergreen. Back in May, and in June when I went again, they were “completely sold out”.

Jeeman

[jeeman]

Tell her that you’d be glad to buy right now if she’d like to write a hedge against any home appreciation/depreciation. You buy now, and if the house is higher in two years, you write her a check. If it’s lower, then she writes you a check.

If she believes that prices are going to be steady and maybe even higher, she should put her money where her mouth is.

Jeeman

[jeeman]

LOL, Happy Hairston rears his ugly head again? I remember that guy back in 2004 when I read RealEstate Journal’s discussion thread.

Jeeman

[jeeman]

TB,

GC is definitely a blind cheerleader. I think he has so much skin in the game, that it’s hurting him as prices decline. I guess people like him don’t know that excesses have to be cleaned up through times of contraction.

Jeeman

[jeeman]

TB,

GC is definitely a blind cheerleader. I think he has so much skin in the game, that it’s hurting him as prices decline. I guess people like him don’t know that excesses have to be cleaned up through times of contraction.

Jeeman

[jeeman]

TB,

GC is definitely a blind cheerleader. I think he has so much skin in the game, that it’s hurting him as prices decline. I guess people like him don’t know that excesses have to be cleaned up through times of contraction.

Jeeman

[jeeman]

Hopefully they hired thousands of agents because there will be quite a few foreclosures in the U.S.

[jeeman]

Hopefully they hired thousands of agents because there will be quite a few foreclosures in the U.S.

[jeeman]

Hopefully they hired thousands of agents because there will be quite a few foreclosures in the U.S.

[jeeman]

Ah, housing-crash.com picked this listing up a few weeks back:

http://housing-crash.com/2007/07/29/over-400k-loss-in-under-2-years-new-record-for-this-blog.aspx

Note the pictures there…

Jeeman

[jeeman]

Ah, housing-crash.com picked this listing up a few weeks back:

http://housing-crash.com/2007/07/29/over-400k-loss-in-under-2-years-new-record-for-this-blog.aspx

Note the pictures there…

Jeeman

[jeeman]

Ah, housing-crash.com picked this listing up a few weeks back:

http://housing-crash.com/2007/07/29/over-400k-loss-in-under-2-years-new-record-for-this-blog.aspx

Note the pictures there…

Jeeman

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