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December 21, 2007 at 12:51 PM in reply to: The often asked question, when will housing bottom? #122095December 21, 2007 at 12:51 PM in reply to: The often asked question, when will housing bottom? #122243
lonestar2000
ParticipantInteresting graphs esmith.
In the 1990 housing bust the high tier fell quite a bit faster and than the low tier, and eventually evened out.
In this bust they seem to be doing the opposite (so far).
If memory serves, the 90s bust was job related, whereas this one is speculation/investment/lax lending related. It is interesting to see how this affects the downturn differently than the previous one.
December 21, 2007 at 12:51 PM in reply to: The often asked question, when will housing bottom? #122266ParticipantInteresting graphs esmith.
In the 1990 housing bust the high tier fell quite a bit faster and than the low tier, and eventually evened out.
In this bust they seem to be doing the opposite (so far).
If memory serves, the 90s bust was job related, whereas this one is speculation/investment/lax lending related. It is interesting to see how this affects the downturn differently than the previous one.
December 21, 2007 at 12:51 PM in reply to: The often asked question, when will housing bottom? #122320ParticipantInteresting graphs esmith.
In the 1990 housing bust the high tier fell quite a bit faster and than the low tier, and eventually evened out.
In this bust they seem to be doing the opposite (so far).
If memory serves, the 90s bust was job related, whereas this one is speculation/investment/lax lending related. It is interesting to see how this affects the downturn differently than the previous one.
December 21, 2007 at 12:51 PM in reply to: The often asked question, when will housing bottom? #122343ParticipantInteresting graphs esmith.
In the 1990 housing bust the high tier fell quite a bit faster and than the low tier, and eventually evened out.
In this bust they seem to be doing the opposite (so far).
If memory serves, the 90s bust was job related, whereas this one is speculation/investment/lax lending related. It is interesting to see how this affects the downturn differently than the previous one.
ParticipantVery interesting commentary davelj, thank you!
However, in the interest of mutual agreement, lets just refer to this as the “Bad Ass Crisis.” I think all of us will agree to that. 🙂
ParticipantVery interesting commentary davelj, thank you!
However, in the interest of mutual agreement, lets just refer to this as the “Bad Ass Crisis.” I think all of us will agree to that. 🙂
ParticipantVery interesting commentary davelj, thank you!
However, in the interest of mutual agreement, lets just refer to this as the “Bad Ass Crisis.” I think all of us will agree to that. 🙂
ParticipantVery interesting commentary davelj, thank you!
However, in the interest of mutual agreement, lets just refer to this as the “Bad Ass Crisis.” I think all of us will agree to that. 🙂
ParticipantVery interesting commentary davelj, thank you!
However, in the interest of mutual agreement, lets just refer to this as the “Bad Ass Crisis.” I think all of us will agree to that. 🙂
ParticipantI’ve lived for 23 years in the same city in SoCal and I still have no idea what’s next door. Businesses are changing hands so fast that it would take a full time job to keep up. I don’t think anyone can claim that they know an area the size of a county, let alone an entire state, and much less an entire region.
Suffice it to say, pricing in any given area, more or less, must be in line with incomes. Location, weather, etc. do have a bearing, but there are only so many doctors and laweyers with six figure incomes that can afford half million dollar homes. The majority of properties are bought by average folk earning an honest, median living, and if you want to sell a home you have to price so it is actually affordable.
You can sell one or two overpriced stucco boxes a year, but what is that in the grand scheme of things?
ParticipantI’ve lived for 23 years in the same city in SoCal and I still have no idea what’s next door. Businesses are changing hands so fast that it would take a full time job to keep up. I don’t think anyone can claim that they know an area the size of a county, let alone an entire state, and much less an entire region.
Suffice it to say, pricing in any given area, more or less, must be in line with incomes. Location, weather, etc. do have a bearing, but there are only so many doctors and laweyers with six figure incomes that can afford half million dollar homes. The majority of properties are bought by average folk earning an honest, median living, and if you want to sell a home you have to price so it is actually affordable.
You can sell one or two overpriced stucco boxes a year, but what is that in the grand scheme of things?
ParticipantI’ve lived for 23 years in the same city in SoCal and I still have no idea what’s next door. Businesses are changing hands so fast that it would take a full time job to keep up. I don’t think anyone can claim that they know an area the size of a county, let alone an entire state, and much less an entire region.
Suffice it to say, pricing in any given area, more or less, must be in line with incomes. Location, weather, etc. do have a bearing, but there are only so many doctors and laweyers with six figure incomes that can afford half million dollar homes. The majority of properties are bought by average folk earning an honest, median living, and if you want to sell a home you have to price so it is actually affordable.
You can sell one or two overpriced stucco boxes a year, but what is that in the grand scheme of things?
ParticipantI’ve lived for 23 years in the same city in SoCal and I still have no idea what’s next door. Businesses are changing hands so fast that it would take a full time job to keep up. I don’t think anyone can claim that they know an area the size of a county, let alone an entire state, and much less an entire region.
Suffice it to say, pricing in any given area, more or less, must be in line with incomes. Location, weather, etc. do have a bearing, but there are only so many doctors and laweyers with six figure incomes that can afford half million dollar homes. The majority of properties are bought by average folk earning an honest, median living, and if you want to sell a home you have to price so it is actually affordable.
You can sell one or two overpriced stucco boxes a year, but what is that in the grand scheme of things?
ParticipantI’ve lived for 23 years in the same city in SoCal and I still have no idea what’s next door. Businesses are changing hands so fast that it would take a full time job to keep up. I don’t think anyone can claim that they know an area the size of a county, let alone an entire state, and much less an entire region.
Suffice it to say, pricing in any given area, more or less, must be in line with incomes. Location, weather, etc. do have a bearing, but there are only so many doctors and laweyers with six figure incomes that can afford half million dollar homes. The majority of properties are bought by average folk earning an honest, median living, and if you want to sell a home you have to price so it is actually affordable.
You can sell one or two overpriced stucco boxes a year, but what is that in the grand scheme of things?
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