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June 8, 2007 at 10:33 AM in reply to: Foreclosures affecting the market — coming soon to a town near you #57917
PD
ParticipantGood post, Perry. I think lenders are trying support the market, hoping for a rebound. When the tide turns and they realize that there will be no rebound and they start trying to unload at any cost, it is going get bad really fast. All the lenders are going to reach a tipping point sooner or later.
I just found out that a family member has recently bought a home in bubble market. They got a “good price.” They don’t realize that a “good price” relative to last year is going to a “bad price” relative to next year.June 8, 2007 at 10:33 AM in reply to: Foreclosures affecting the market — coming soon to a town near you #57943ParticipantGood post, Perry. I think lenders are trying support the market, hoping for a rebound. When the tide turns and they realize that there will be no rebound and they start trying to unload at any cost, it is going get bad really fast. All the lenders are going to reach a tipping point sooner or later.
I just found out that a family member has recently bought a home in bubble market. They got a “good price.” They don’t realize that a “good price” relative to last year is going to a “bad price” relative to next year.ParticipantMy husband is also a USC alum. I’m looking forward to the day when his pay is no longer constrained by government pay scales. However, he keeps threatening to become a Forest Ranger.
I’m the official Investment Advisor for our family. My performance hasn’t been as good this year the year before as I’ve been too bearish.ParticipantMy husband is also a USC alum. I’m looking forward to the day when his pay is no longer constrained by government pay scales. However, he keeps threatening to become a Forest Ranger.
I’m the official Investment Advisor for our family. My performance hasn’t been as good this year the year before as I’ve been too bearish.ParticipantCollege students live together and don’t earn much.
ParticipantCollege students live together and don’t earn much.
ParticipantI would bet that almost all of the posters here earn over 75k, unless they are in their 20s and haven’t worked up to that yet.
ParticipantI would bet that almost all of the posters here earn over 75k, unless they are in their 20s and haven’t worked up to that yet.
ParticipantI invite everybody else to go first. 🙂
ParticipantI invite everybody else to go first. 🙂
ParticipantThanks for the nice words, rc. Good luck in Washington. If prices go down like many of us think they will, you might get another chance at owning here (if you haven’t fallen in love in Washington and decide to stay).
ParticipantThanks for the nice words, rc. Good luck in Washington. If prices go down like many of us think they will, you might get another chance at owning here (if you haven’t fallen in love in Washington and decide to stay).
ParticipantWho wants to bet that LS08 will be like more like Powayseller than Docteur in keeping to his threat to leave?
If LS8 is so bearish, why late summer 08? IMO, that is too early. Fall 09 might show the first good buying opportunities.
ParticipantWho wants to bet that LS08 will be like more like Powayseller than Docteur in keeping to his threat to leave?
If LS8 is so bearish, why late summer 08? IMO, that is too early. Fall 09 might show the first good buying opportunities.
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