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jpinpb
ParticipantI’ve seen some drops in L.J. already. That’s considered a nice area.
ParticipantUCLA Anderson “There will be job loss in the construction sector, as well as real estate-related financial services, but not nearly enough to trigger a recession.”
Who to believe?
“Recessions have traditionally trailed a housing peak by no more than a year; at this point, the business cycle is trailing the housing cycle by seven quarters without a recession”
Funny. It’s been trailing b/c the banks can foreclosre fast enough and sell fast enough.
Are they kidding here ” an expected rise in Chinese visitors and several local attractions such as the new ‘Simpsons’ ride at Universal Studios Hollywood theme park.”
I hope our economy is not solely relying on that.
ParticipantUCLA Anderson “There will be job loss in the construction sector, as well as real estate-related financial services, but not nearly enough to trigger a recession.”
Who to believe?
“Recessions have traditionally trailed a housing peak by no more than a year; at this point, the business cycle is trailing the housing cycle by seven quarters without a recession”
Funny. It’s been trailing b/c the banks can foreclosre fast enough and sell fast enough.
Are they kidding here ” an expected rise in Chinese visitors and several local attractions such as the new ‘Simpsons’ ride at Universal Studios Hollywood theme park.”
I hope our economy is not solely relying on that.
ParticipantUCLA Anderson “There will be job loss in the construction sector, as well as real estate-related financial services, but not nearly enough to trigger a recession.”
Who to believe?
“Recessions have traditionally trailed a housing peak by no more than a year; at this point, the business cycle is trailing the housing cycle by seven quarters without a recession”
Funny. It’s been trailing b/c the banks can foreclosre fast enough and sell fast enough.
Are they kidding here ” an expected rise in Chinese visitors and several local attractions such as the new ‘Simpsons’ ride at Universal Studios Hollywood theme park.”
I hope our economy is not solely relying on that.
ParticipantUCLA Anderson “There will be job loss in the construction sector, as well as real estate-related financial services, but not nearly enough to trigger a recession.”
Who to believe?
“Recessions have traditionally trailed a housing peak by no more than a year; at this point, the business cycle is trailing the housing cycle by seven quarters without a recession”
Funny. It’s been trailing b/c the banks can foreclosre fast enough and sell fast enough.
Are they kidding here ” an expected rise in Chinese visitors and several local attractions such as the new ‘Simpsons’ ride at Universal Studios Hollywood theme park.”
I hope our economy is not solely relying on that.
ParticipantUCLA Anderson “There will be job loss in the construction sector, as well as real estate-related financial services, but not nearly enough to trigger a recession.”
Who to believe?
“Recessions have traditionally trailed a housing peak by no more than a year; at this point, the business cycle is trailing the housing cycle by seven quarters without a recession”
Funny. It’s been trailing b/c the banks can foreclosre fast enough and sell fast enough.
Are they kidding here ” an expected rise in Chinese visitors and several local attractions such as the new ‘Simpsons’ ride at Universal Studios Hollywood theme park.”
I hope our economy is not solely relying on that.
ParticipantOMG – doofrat – did you read the Reuters story http://users.ixpres.com/~gtriphan/
Read some of the stuff Zandi is saying. It’s like he just read your post and modified and changed some of the quotes. Kinda scary.
“He expects home sales to hit bottom this spring, housing starts to reach a nadir this summer, and house prices to trough in the spring of 2009”
So we just need to ride it out for a year and everything will be honky dory. We are we on that chart?
I like this: “For each foreclosure on a street block, it reduces the value of all homes on that block by almost 1.5 percent, he said.”
How low can it go? Limbo time.
ParticipantOMG – doofrat – did you read the Reuters story http://users.ixpres.com/~gtriphan/
Read some of the stuff Zandi is saying. It’s like he just read your post and modified and changed some of the quotes. Kinda scary.
“He expects home sales to hit bottom this spring, housing starts to reach a nadir this summer, and house prices to trough in the spring of 2009”
So we just need to ride it out for a year and everything will be honky dory. We are we on that chart?
I like this: “For each foreclosure on a street block, it reduces the value of all homes on that block by almost 1.5 percent, he said.”
How low can it go? Limbo time.
ParticipantOMG – doofrat – did you read the Reuters story http://users.ixpres.com/~gtriphan/
Read some of the stuff Zandi is saying. It’s like he just read your post and modified and changed some of the quotes. Kinda scary.
“He expects home sales to hit bottom this spring, housing starts to reach a nadir this summer, and house prices to trough in the spring of 2009”
So we just need to ride it out for a year and everything will be honky dory. We are we on that chart?
I like this: “For each foreclosure on a street block, it reduces the value of all homes on that block by almost 1.5 percent, he said.”
How low can it go? Limbo time.
ParticipantOMG – doofrat – did you read the Reuters story http://users.ixpres.com/~gtriphan/
Read some of the stuff Zandi is saying. It’s like he just read your post and modified and changed some of the quotes. Kinda scary.
“He expects home sales to hit bottom this spring, housing starts to reach a nadir this summer, and house prices to trough in the spring of 2009”
So we just need to ride it out for a year and everything will be honky dory. We are we on that chart?
I like this: “For each foreclosure on a street block, it reduces the value of all homes on that block by almost 1.5 percent, he said.”
How low can it go? Limbo time.
ParticipantOMG – doofrat – did you read the Reuters story http://users.ixpres.com/~gtriphan/
Read some of the stuff Zandi is saying. It’s like he just read your post and modified and changed some of the quotes. Kinda scary.
“He expects home sales to hit bottom this spring, housing starts to reach a nadir this summer, and house prices to trough in the spring of 2009”
So we just need to ride it out for a year and everything will be honky dory. We are we on that chart?
I like this: “For each foreclosure on a street block, it reduces the value of all homes on that block by almost 1.5 percent, he said.”
How low can it go? Limbo time.
ParticipantThanks for sharing that. Sure puts things in perspective. I’m not convinced that the housing prices are going to plummet. Some of you are pretty sure about that. I do think the prices will come down b/c of the huge, unjustified rise due to all the factors associated w/lax lending. I’m not planning on buying yet. I’ve waited for a while, surprised they were able to propel the market as long as they did. I can wait a little longer. Hopefully they will not drag it out too long and prices will adjust w/out delay, but judging from the resistance and “assistance” it looks like I better pack a lunch.
On the bright side, the cheerleaders were kinda right. They are letting the air out sloowwly. And it doesn’t matter, b/c in the end, that balloon won’t have any air left. Pop or not, the result should be the same, back to before this whole mess started. JM2C
ParticipantThanks for sharing that. Sure puts things in perspective. I’m not convinced that the housing prices are going to plummet. Some of you are pretty sure about that. I do think the prices will come down b/c of the huge, unjustified rise due to all the factors associated w/lax lending. I’m not planning on buying yet. I’ve waited for a while, surprised they were able to propel the market as long as they did. I can wait a little longer. Hopefully they will not drag it out too long and prices will adjust w/out delay, but judging from the resistance and “assistance” it looks like I better pack a lunch.
On the bright side, the cheerleaders were kinda right. They are letting the air out sloowwly. And it doesn’t matter, b/c in the end, that balloon won’t have any air left. Pop or not, the result should be the same, back to before this whole mess started. JM2C
ParticipantThanks for sharing that. Sure puts things in perspective. I’m not convinced that the housing prices are going to plummet. Some of you are pretty sure about that. I do think the prices will come down b/c of the huge, unjustified rise due to all the factors associated w/lax lending. I’m not planning on buying yet. I’ve waited for a while, surprised they were able to propel the market as long as they did. I can wait a little longer. Hopefully they will not drag it out too long and prices will adjust w/out delay, but judging from the resistance and “assistance” it looks like I better pack a lunch.
On the bright side, the cheerleaders were kinda right. They are letting the air out sloowwly. And it doesn’t matter, b/c in the end, that balloon won’t have any air left. Pop or not, the result should be the same, back to before this whole mess started. JM2C
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