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no_such_reality
ParticipantThe answer simple. The economy goes to pot, you lose your job and loose the house anyway.
ParticipantThe answer simple. The economy goes to pot, you lose your job and loose the house anyway.
ParticipantThe answer simple. The economy goes to pot, you lose your job and loose the house anyway.
ParticipantI have one. They are great! Helps reduce snoring. Helps you breathe easier. No drugs, no ten syllable chemicals, no side effects.
Get the one that looks like a little watering pot. Let gravity do the work and be sure to keep your head down so you don’t pour it down your throat. The squirt bottles are more likely to plug your ears.
CVs/ Walgreen’s etc carry them under the name Sinu-clease. They make premade packets of ‘salts’ to add to the warm water so you don’t over/under salt.
ParticipantI have one. They are great! Helps reduce snoring. Helps you breathe easier. No drugs, no ten syllable chemicals, no side effects.
Get the one that looks like a little watering pot. Let gravity do the work and be sure to keep your head down so you don’t pour it down your throat. The squirt bottles are more likely to plug your ears.
CVs/ Walgreen’s etc carry them under the name Sinu-clease. They make premade packets of ‘salts’ to add to the warm water so you don’t over/under salt.
ParticipantI have one. They are great! Helps reduce snoring. Helps you breathe easier. No drugs, no ten syllable chemicals, no side effects.
Get the one that looks like a little watering pot. Let gravity do the work and be sure to keep your head down so you don’t pour it down your throat. The squirt bottles are more likely to plug your ears.
CVs/ Walgreen’s etc carry them under the name Sinu-clease. They make premade packets of ‘salts’ to add to the warm water so you don’t over/under salt.
ParticipantI have one. They are great! Helps reduce snoring. Helps you breathe easier. No drugs, no ten syllable chemicals, no side effects.
Get the one that looks like a little watering pot. Let gravity do the work and be sure to keep your head down so you don’t pour it down your throat. The squirt bottles are more likely to plug your ears.
CVs/ Walgreen’s etc carry them under the name Sinu-clease. They make premade packets of ‘salts’ to add to the warm water so you don’t over/under salt.
ParticipantI have one. They are great! Helps reduce snoring. Helps you breathe easier. No drugs, no ten syllable chemicals, no side effects.
Get the one that looks like a little watering pot. Let gravity do the work and be sure to keep your head down so you don’t pour it down your throat. The squirt bottles are more likely to plug your ears.
CVs/ Walgreen’s etc carry them under the name Sinu-clease. They make premade packets of ‘salts’ to add to the warm water so you don’t over/under salt.
ParticipantThere are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.
That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.
ParticipantThere are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.
That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.
ParticipantThere are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.
That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.
ParticipantThere are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.
That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.
ParticipantThere are a lot of people who got a taste of not working for a living and who are sitting on the sidelines trying to work the REO flips and such right now. By the time this drags on, I think these people will jump back in at the first opportunity.
That will the be the great Bull Trap of the spring 2008? Maybe 2009? Prices will actually appear to appreciate for a couple quarters, then they’ll expend their energy and the market will again recapitulate.
ParticipantNewblet, you’re somewhat right and somewhat wrong. Since you were in OC, you may recall the OC Register housing section had a set of charts. One was price over the last year, one was payment based on ‘standard’ loans. While pricing rocketed through the roof, the pricing barely moved.
Once the optional payment loans appeared in mass, the payment went even lower.
So you are right, interest rates may rocket upward once the “credit crunch” is over and the Fed returns to fighting inflation. All that will happen though is home pricing will go even lower.
When many on the board talk about prices falling 30%, 40% or so, they are making the comparison based on today’s interest rate environment and today’s rental pricing.
If rental pricing softens, the prices will have more downward pressure.
If interest rates increase, the prices will have more downward pressure too.
IrvineRenter on the IHB covered how the increases in the buyer’s loan terms accentuate the pricing loss. http://www.irvinehousingblog.com/2007/05/07/your-buyers-loan-terms/
To summarize for a short answer. In the current environment, median home price is $460K. It’s expected to correct, let’s say to fall $350K for example as ‘fair’ supportable price.
If interest rates rise to say 10%, instead of falling to $350K, the prices will fall to $240K. The reason is simple. The payments on $350K at 6% and the payment on $240K at 10% are the same.
The housing bubble is correcting because of affordability. If rates rise, affordability falls and home prices must correct further to restore affordability.
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