[MadeInTaiwan]

[quote=jficquette][quote=4plexowner]I think this post shows why the top end will fall hard in the next year or two – the pool of potential buyers for houses requiring jumbo loans has shrunk dramatically

without cheap, fog-a-mirror jumbo loans the $700K+ market has a hard row to hoe[/quote]

I agree totally. There is no reason why houses should cost more then they did in 1995 which is the last time they were somewhat affordable.

John
[/quote]

I am firmly int he “high end will drop” camp but this is crazy talk. End of 95 beginning of 96 was the bottom of the last cycle.

If you argue that there is some seismic shift and we’re headed past historical lows (adjusted for inflation) then we can at least entertain your reasoning.

If 95 was the last time things were somewhat affordable, then I think it means you can’t afford to live where you like.

[MadeInTaiwan]

[quote=jficquette][quote=4plexowner]I think this post shows why the top end will fall hard in the next year or two – the pool of potential buyers for houses requiring jumbo loans has shrunk dramatically

without cheap, fog-a-mirror jumbo loans the $700K+ market has a hard row to hoe[/quote]

I agree totally. There is no reason why houses should cost more then they did in 1995 which is the last time they were somewhat affordable.

John
[/quote]

I am firmly int he “high end will drop” camp but this is crazy talk. End of 95 beginning of 96 was the bottom of the last cycle.

If you argue that there is some seismic shift and we’re headed past historical lows (adjusted for inflation) then we can at least entertain your reasoning.

If 95 was the last time things were somewhat affordable, then I think it means you can’t afford to live where you like.

[MadeInTaiwan]

[quote=jficquette][quote=4plexowner]I think this post shows why the top end will fall hard in the next year or two – the pool of potential buyers for houses requiring jumbo loans has shrunk dramatically

without cheap, fog-a-mirror jumbo loans the $700K+ market has a hard row to hoe[/quote]

I agree totally. There is no reason why houses should cost more then they did in 1995 which is the last time they were somewhat affordable.

John
[/quote]

I am firmly int he “high end will drop” camp but this is crazy talk. End of 95 beginning of 96 was the bottom of the last cycle.

If you argue that there is some seismic shift and we’re headed past historical lows (adjusted for inflation) then we can at least entertain your reasoning.

If 95 was the last time things were somewhat affordable, then I think it means you can’t afford to live where you like.

[MadeInTaiwan]

[quote=jficquette][quote=4plexowner]I think this post shows why the top end will fall hard in the next year or two – the pool of potential buyers for houses requiring jumbo loans has shrunk dramatically

without cheap, fog-a-mirror jumbo loans the $700K+ market has a hard row to hoe[/quote]

I agree totally. There is no reason why houses should cost more then they did in 1995 which is the last time they were somewhat affordable.

John
[/quote]

I am firmly int he “high end will drop” camp but this is crazy talk. End of 95 beginning of 96 was the bottom of the last cycle.

If you argue that there is some seismic shift and we’re headed past historical lows (adjusted for inflation) then we can at least entertain your reasoning.

If 95 was the last time things were somewhat affordable, then I think it means you can’t afford to live where you like.

[MadeInTaiwan]

[quote=jficquette][quote=4plexowner]I think this post shows why the top end will fall hard in the next year or two – the pool of potential buyers for houses requiring jumbo loans has shrunk dramatically

without cheap, fog-a-mirror jumbo loans the $700K+ market has a hard row to hoe[/quote]

I agree totally. There is no reason why houses should cost more then they did in 1995 which is the last time they were somewhat affordable.

John
[/quote]

I am firmly int he “high end will drop” camp but this is crazy talk. End of 95 beginning of 96 was the bottom of the last cycle.

If you argue that there is some seismic shift and we’re headed past historical lows (adjusted for inflation) then we can at least entertain your reasoning.

If 95 was the last time things were somewhat affordable, then I think it means you can’t afford to live where you like.

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

I am not sure if this is your situation but I’ve heard read that only one major US lender is doing Jumbo (anything over $729,000) loans back in Dec.

Maybe HLC can help. If few lenders are funding/selling Jumobs, this of course portends well for those fence sitters waiting for “high quality” areas. If fewer people can get burrow over $729,000, then that sets ap on how many homes can sell for over that price

[MadeInTaiwan]

[quote=stockstradr]Lotsa rants on here about the leveraged ETF’s

Look, just go to http://finance.yahoo.com/
and plot the ETF versus the index / commodity it claims to have a relationship with.

Of course I do that before I buy ProShares, Short S&P500 “SH” or whatever.

Now when I see a perfect response per formula, between my chosen ETF and the matching index, then I have ZERO interest in reading the rants and raves of people on here spreading rumors and nonsense about what ETF’s actually do.

[/quote]

Easy there! If you’re right, that is sufficient vindication. Some of us (me in particular) didn’t even know that you could long commodities.

[MadeInTaiwan]

[quote=stockstradr]Lotsa rants on here about the leveraged ETF’s

Look, just go to http://finance.yahoo.com/
and plot the ETF versus the index / commodity it claims to have a relationship with.

Of course I do that before I buy ProShares, Short S&P500 “SH” or whatever.

Now when I see a perfect response per formula, between my chosen ETF and the matching index, then I have ZERO interest in reading the rants and raves of people on here spreading rumors and nonsense about what ETF’s actually do.

[/quote]

Easy there! If you’re right, that is sufficient vindication. Some of us (me in particular) didn’t even know that you could long commodities.

[MadeInTaiwan]

[quote=stockstradr]Lotsa rants on here about the leveraged ETF’s

Look, just go to http://finance.yahoo.com/
and plot the ETF versus the index / commodity it claims to have a relationship with.

Of course I do that before I buy ProShares, Short S&P500 “SH” or whatever.

Now when I see a perfect response per formula, between my chosen ETF and the matching index, then I have ZERO interest in reading the rants and raves of people on here spreading rumors and nonsense about what ETF’s actually do.

[/quote]

Easy there! If you’re right, that is sufficient vindication. Some of us (me in particular) didn’t even know that you could long commodities.

[MadeInTaiwan]

[quote=stockstradr]Lotsa rants on here about the leveraged ETF’s

Look, just go to http://finance.yahoo.com/
and plot the ETF versus the index / commodity it claims to have a relationship with.

Of course I do that before I buy ProShares, Short S&P500 “SH” or whatever.

Now when I see a perfect response per formula, between my chosen ETF and the matching index, then I have ZERO interest in reading the rants and raves of people on here spreading rumors and nonsense about what ETF’s actually do.

[/quote]

Easy there! If you’re right, that is sufficient vindication. Some of us (me in particular) didn’t even know that you could long commodities.

[MadeInTaiwan]

[quote=stockstradr]Lotsa rants on here about the leveraged ETF’s

Look, just go to http://finance.yahoo.com/
and plot the ETF versus the index / commodity it claims to have a relationship with.

Of course I do that before I buy ProShares, Short S&P500 “SH” or whatever.

Now when I see a perfect response per formula, between my chosen ETF and the matching index, then I have ZERO interest in reading the rants and raves of people on here spreading rumors and nonsense about what ETF’s actually do.

[/quote]

Easy there! If you’re right, that is sufficient vindication. Some of us (me in particular) didn’t even know that you could long commodities.

[Author]

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