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NotCranky
ParticipantIt sure looks sticky but it could also be indicative of someting like the big “ship turning” analogy. It undocks slowly takes a while to get up to speed turns back very slowy gets up to speed and docks slowly. We will need several more years to see what happens.
Price variability in no way is proportionate to ammenities. IMO the inventory doesn’t fit the real wealth spreads in our society (there are too many (600-800k and up houses). I think that post correction a relatively small increase in price will net a substaintially improved combination of location and ammenities especially as related to size of house.
ParticipantBTW: what do people consider to be “high-end”?
I consider 800k the “low end” of “high end” but the house you can buy with that 800k is a “mid -range” house even after giving credit for being in socal.
ParticipantBTW: what do people consider to be “high-end”?
I consider 800k the “low end” of “high end” but the house you can buy with that 800k is a “mid -range” house even after giving credit for being in socal.
ParticipantBTW: what do people consider to be “high-end”?
I consider 800k the “low end” of “high end” but the house you can buy with that 800k is a “mid -range” house even after giving credit for being in socal.
Participant“We bulls”? LOL I know it was an accident but it was funny. Maybe “universal” doesn’t exactly describe it. I know the minority didn’t get us in this mess.
As a realtor who chose to get on the sidelines instead of maintaining a “unbiased” view,during the mania, for my own self interest I am going to feel some righteous vindication faced with an undoing of the house of cards. I will celebrate when I can sell a house(or recommend going long on america)with a clean conscience and that day ,however slowly, could be coming.
I don’t think of the tanking of our economy as threatening. I think it proves we were not doing things right.We will suffer to the extent that our values are out of whack. I value honesty and fair dealings above wealth so I am in the “bring it on” camp.
Although I would be glad to be wrong, I don’t think Chris’ notions are completely unaffected by his positions related to the market(S). If it is true than he is the one with the bias and he starts to look self serving/defensive.
I also don’t think he stays out of the “I told you so mode” when things go his way.
That said,
Best wishes to allParticipant“We bulls”? LOL I know it was an accident but it was funny. Maybe “universal” doesn’t exactly describe it. I know the minority didn’t get us in this mess.
As a realtor who chose to get on the sidelines instead of maintaining a “unbiased” view,during the mania, for my own self interest I am going to feel some righteous vindication faced with an undoing of the house of cards. I will celebrate when I can sell a house(or recommend going long on america)with a clean conscience and that day ,however slowly, could be coming.
I don’t think of the tanking of our economy as threatening. I think it proves we were not doing things right.We will suffer to the extent that our values are out of whack. I value honesty and fair dealings above wealth so I am in the “bring it on” camp.
Although I would be glad to be wrong, I don’t think Chris’ notions are completely unaffected by his positions related to the market(S). If it is true than he is the one with the bias and he starts to look self serving/defensive.
I also don’t think he stays out of the “I told you so mode” when things go his way.
That said,
Best wishes to allParticipant“We bulls”? LOL I know it was an accident but it was funny. Maybe “universal” doesn’t exactly describe it. I know the minority didn’t get us in this mess.
As a realtor who chose to get on the sidelines instead of maintaining a “unbiased” view,during the mania, for my own self interest I am going to feel some righteous vindication faced with an undoing of the house of cards. I will celebrate when I can sell a house(or recommend going long on america)with a clean conscience and that day ,however slowly, could be coming.
I don’t think of the tanking of our economy as threatening. I think it proves we were not doing things right.We will suffer to the extent that our values are out of whack. I value honesty and fair dealings above wealth so I am in the “bring it on” camp.
Although I would be glad to be wrong, I don’t think Chris’ notions are completely unaffected by his positions related to the market(S). If it is true than he is the one with the bias and he starts to look self serving/defensive.
I also don’t think he stays out of the “I told you so mode” when things go his way.
That said,
Best wishes to allParticipantI think we all like to be right. I think the posters who are celebrating the downside results lately, are celebrating being right more than they are wishing for the financial system to collapse. Is it really surprising that one us would brag about calling something right? These recent convulsions are a huge vindication to those endowed of the opinions espressed on this blog, in the face of almost universal rejection for years. A flop in the stock market or a business failure here and there is a stimulus/reminder that the convictions held were valid. You might even say we are celebrating the possibiliity that the financial system might become more rational. We will see the possiblity of profiting through hard work and preserverance as opposed to being confronted by a fraudulent game every day, one that pushes puchasing shelter in a resonable way further and further out of the realm or begs for debt slavery.
ParticipantI think we all like to be right. I think the posters who are celebrating the downside results lately, are celebrating being right more than they are wishing for the financial system to collapse. Is it really surprising that one us would brag about calling something right? These recent convulsions are a huge vindication to those endowed of the opinions espressed on this blog, in the face of almost universal rejection for years. A flop in the stock market or a business failure here and there is a stimulus/reminder that the convictions held were valid. You might even say we are celebrating the possibiliity that the financial system might become more rational. We will see the possiblity of profiting through hard work and preserverance as opposed to being confronted by a fraudulent game every day, one that pushes puchasing shelter in a resonable way further and further out of the realm or begs for debt slavery.
ParticipantI think we all like to be right. I think the posters who are celebrating the downside results lately, are celebrating being right more than they are wishing for the financial system to collapse. Is it really surprising that one us would brag about calling something right? These recent convulsions are a huge vindication to those endowed of the opinions espressed on this blog, in the face of almost universal rejection for years. A flop in the stock market or a business failure here and there is a stimulus/reminder that the convictions held were valid. You might even say we are celebrating the possibiliity that the financial system might become more rational. We will see the possiblity of profiting through hard work and preserverance as opposed to being confronted by a fraudulent game every day, one that pushes puchasing shelter in a resonable way further and further out of the realm or begs for debt slavery.
ParticipantIn a hypothertical situation of a “normal market” the return for being an owner can’t be justified or maligned entirely by crunching numbers relative to the early years of a mortgage. If there were no such thing as abnormal appreciation and depreciation you would have look at value added over many years. That is the conservative way to look at it.
In a continuously “normal” world, home ownership would not be for mobile types, but for those that want to put down roots. Those later years of “renting from the bank” and eventual”free and clear” ownership are gravy.
The return on owner occupied housing is what you gain versus being a renter over the same time frame. For better or worse the real world provides more extreme risk reward scenarios.
I have never thought that Piggingtonian’s hated RE as an asset class. People here are too smart about money to do that.
ParticipantIn a hypothertical situation of a “normal market” the return for being an owner can’t be justified or maligned entirely by crunching numbers relative to the early years of a mortgage. If there were no such thing as abnormal appreciation and depreciation you would have look at value added over many years. That is the conservative way to look at it.
In a continuously “normal” world, home ownership would not be for mobile types, but for those that want to put down roots. Those later years of “renting from the bank” and eventual”free and clear” ownership are gravy.
The return on owner occupied housing is what you gain versus being a renter over the same time frame. For better or worse the real world provides more extreme risk reward scenarios.
I have never thought that Piggingtonian’s hated RE as an asset class. People here are too smart about money to do that.
ParticipantIn a hypothertical situation of a “normal market” the return for being an owner can’t be justified or maligned entirely by crunching numbers relative to the early years of a mortgage. If there were no such thing as abnormal appreciation and depreciation you would have look at value added over many years. That is the conservative way to look at it.
In a continuously “normal” world, home ownership would not be for mobile types, but for those that want to put down roots. Those later years of “renting from the bank” and eventual”free and clear” ownership are gravy.
The return on owner occupied housing is what you gain versus being a renter over the same time frame. For better or worse the real world provides more extreme risk reward scenarios.
I have never thought that Piggingtonian’s hated RE as an asset class. People here are too smart about money to do that.
ParticipantTemucula guy, don’t change for me or Grandma on account of my joke. I think they are quite capable of taking what they like and leaving the rest.
Best wishes
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