[lonestar2000]

We can convert our food stamps to gold and stand in line for soup.

When it all turns around we’ll be rich and lean!

[lonestar2000]

We can convert our food stamps to gold and stand in line for soup.

When it all turns around we’ll be rich and lean!

[lonestar2000]

We can convert our food stamps to gold and stand in line for soup.

When it all turns around we’ll be rich and lean!

[lonestar2000]

We can convert our food stamps to gold and stand in line for soup.

When it all turns around we’ll be rich and lean!

[lonestar2000]

We can convert our food stamps to gold and stand in line for soup.

When it all turns around we’ll be rich and lean!

[lonestar2000]

The bubble was due to:

1. Lax lending practices
2. Above normal appreciation
3. Strong economy
4. Low unemployment levels
5. Low inventories

Is it realistic to expect that the same set of circumstances will return when we hit the bottom?

In my opinion the scenario is likely to be:

1. No easy money to be had, 20% down is the norm
2. Appreciation is flat
3. Economy is just digging itself out of a recession
4. Unemployment levels are shaky, construction, real estate, and mortgage workers are just starting to find jobs again
5. Average inventories (at best)

These are not the right set of circumstances for any kind of bounce at all. The market will follow need, rather than greed, and prices will be in line to incomes, long before we see any kind of bubble again.

[lonestar2000]

The bubble was due to:

1. Lax lending practices
2. Above normal appreciation
3. Strong economy
4. Low unemployment levels
5. Low inventories

Is it realistic to expect that the same set of circumstances will return when we hit the bottom?

In my opinion the scenario is likely to be:

1. No easy money to be had, 20% down is the norm
2. Appreciation is flat
3. Economy is just digging itself out of a recession
4. Unemployment levels are shaky, construction, real estate, and mortgage workers are just starting to find jobs again
5. Average inventories (at best)

These are not the right set of circumstances for any kind of bounce at all. The market will follow need, rather than greed, and prices will be in line to incomes, long before we see any kind of bubble again.

[lonestar2000]

The bubble was due to:

1. Lax lending practices
2. Above normal appreciation
3. Strong economy
4. Low unemployment levels
5. Low inventories

Is it realistic to expect that the same set of circumstances will return when we hit the bottom?

In my opinion the scenario is likely to be:

1. No easy money to be had, 20% down is the norm
2. Appreciation is flat
3. Economy is just digging itself out of a recession
4. Unemployment levels are shaky, construction, real estate, and mortgage workers are just starting to find jobs again
5. Average inventories (at best)

These are not the right set of circumstances for any kind of bounce at all. The market will follow need, rather than greed, and prices will be in line to incomes, long before we see any kind of bubble again.

[lonestar2000]

The bubble was due to:

1. Lax lending practices
2. Above normal appreciation
3. Strong economy
4. Low unemployment levels
5. Low inventories

Is it realistic to expect that the same set of circumstances will return when we hit the bottom?

In my opinion the scenario is likely to be:

1. No easy money to be had, 20% down is the norm
2. Appreciation is flat
3. Economy is just digging itself out of a recession
4. Unemployment levels are shaky, construction, real estate, and mortgage workers are just starting to find jobs again
5. Average inventories (at best)

These are not the right set of circumstances for any kind of bounce at all. The market will follow need, rather than greed, and prices will be in line to incomes, long before we see any kind of bubble again.

[lonestar2000]

The bubble was due to:

1. Lax lending practices
2. Above normal appreciation
3. Strong economy
4. Low unemployment levels
5. Low inventories

Is it realistic to expect that the same set of circumstances will return when we hit the bottom?

In my opinion the scenario is likely to be:

1. No easy money to be had, 20% down is the norm
2. Appreciation is flat
3. Economy is just digging itself out of a recession
4. Unemployment levels are shaky, construction, real estate, and mortgage workers are just starting to find jobs again
5. Average inventories (at best)

These are not the right set of circumstances for any kind of bounce at all. The market will follow need, rather than greed, and prices will be in line to incomes, long before we see any kind of bubble again.

[lonestar2000]

Multiple…

Once again you assume a lot about who posts and hangs out here. There are many income levels, family types, education levels, and job titles roaming these boards.

Could it be, possibly, that many of us renters were just entering the labor force in the mid to late 90s, and couldn’t possibly afford to buy at the time? Could it be, that as the years rolled by, and the crazy property valuation kept out of pace with our paltry pay increases? Could it also be, that since we saved and invested our money, rather than sell our souls for a liar loan, that we are now actually looking forward to owning in the next few years, on *gulp* a 30 year, fixed rate, 20% down loan, that we actually plan on paying off?

I would not be so quick to rush in where angels fear to tread.

[lonestar2000]

Multiple…

Once again you assume a lot about who posts and hangs out here. There are many income levels, family types, education levels, and job titles roaming these boards.

Could it be, possibly, that many of us renters were just entering the labor force in the mid to late 90s, and couldn’t possibly afford to buy at the time? Could it be, that as the years rolled by, and the crazy property valuation kept out of pace with our paltry pay increases? Could it also be, that since we saved and invested our money, rather than sell our souls for a liar loan, that we are now actually looking forward to owning in the next few years, on *gulp* a 30 year, fixed rate, 20% down loan, that we actually plan on paying off?

I would not be so quick to rush in where angels fear to tread.

[lonestar2000]

Multiple…

Once again you assume a lot about who posts and hangs out here. There are many income levels, family types, education levels, and job titles roaming these boards.

Could it be, possibly, that many of us renters were just entering the labor force in the mid to late 90s, and couldn’t possibly afford to buy at the time? Could it be, that as the years rolled by, and the crazy property valuation kept out of pace with our paltry pay increases? Could it also be, that since we saved and invested our money, rather than sell our souls for a liar loan, that we are now actually looking forward to owning in the next few years, on *gulp* a 30 year, fixed rate, 20% down loan, that we actually plan on paying off?

I would not be so quick to rush in where angels fear to tread.

[lonestar2000]

Multiple…

Once again you assume a lot about who posts and hangs out here. There are many income levels, family types, education levels, and job titles roaming these boards.

Could it be, possibly, that many of us renters were just entering the labor force in the mid to late 90s, and couldn’t possibly afford to buy at the time? Could it be, that as the years rolled by, and the crazy property valuation kept out of pace with our paltry pay increases? Could it also be, that since we saved and invested our money, rather than sell our souls for a liar loan, that we are now actually looking forward to owning in the next few years, on *gulp* a 30 year, fixed rate, 20% down loan, that we actually plan on paying off?

I would not be so quick to rush in where angels fear to tread.

[lonestar2000]

Multiple…

Once again you assume a lot about who posts and hangs out here. There are many income levels, family types, education levels, and job titles roaming these boards.

Could it be, possibly, that many of us renters were just entering the labor force in the mid to late 90s, and couldn’t possibly afford to buy at the time? Could it be, that as the years rolled by, and the crazy property valuation kept out of pace with our paltry pay increases? Could it also be, that since we saved and invested our money, rather than sell our souls for a liar loan, that we are now actually looking forward to owning in the next few years, on *gulp* a 30 year, fixed rate, 20% down loan, that we actually plan on paying off?

I would not be so quick to rush in where angels fear to tread.

[Author]

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