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peterb
ParticipantSounds like the US govt is getting closer to owning the mortgage market entirely.
ParticipantSounds like the US govt is getting closer to owning the mortgage market entirely.
ParticipantSounds like the US govt is getting closer to owning the mortgage market entirely.
March 2, 2009 at 2:24 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #358629ParticipantHome prices are directly related to incomes and the price of borrowed money. There’s market pressure to keep incomes low and to raise the cost of money. These things do not look as though they are changing any time soon. Or for quite a while actually. The govt can mess with the mix all it wants. These things arent changing. US$ are getting harder and harder to find.
March 2, 2009 at 2:24 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #358931ParticipantHome prices are directly related to incomes and the price of borrowed money. There’s market pressure to keep incomes low and to raise the cost of money. These things do not look as though they are changing any time soon. Or for quite a while actually. The govt can mess with the mix all it wants. These things arent changing. US$ are getting harder and harder to find.
March 2, 2009 at 2:24 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #359071ParticipantHome prices are directly related to incomes and the price of borrowed money. There’s market pressure to keep incomes low and to raise the cost of money. These things do not look as though they are changing any time soon. Or for quite a while actually. The govt can mess with the mix all it wants. These things arent changing. US$ are getting harder and harder to find.
March 2, 2009 at 2:24 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #359107ParticipantHome prices are directly related to incomes and the price of borrowed money. There’s market pressure to keep incomes low and to raise the cost of money. These things do not look as though they are changing any time soon. Or for quite a while actually. The govt can mess with the mix all it wants. These things arent changing. US$ are getting harder and harder to find.
March 2, 2009 at 2:24 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #359210ParticipantHome prices are directly related to incomes and the price of borrowed money. There’s market pressure to keep incomes low and to raise the cost of money. These things do not look as though they are changing any time soon. Or for quite a while actually. The govt can mess with the mix all it wants. These things arent changing. US$ are getting harder and harder to find.
ParticipantCA unemployment just hit 10.3%. This is trouble of a kind no one on this board has ever known. One year into a recession that probably has at least a couple years to go. There’s never been a better time to observe rather than participate. The real carnage is coming.
ParticipantCA unemployment just hit 10.3%. This is trouble of a kind no one on this board has ever known. One year into a recession that probably has at least a couple years to go. There’s never been a better time to observe rather than participate. The real carnage is coming.
ParticipantCA unemployment just hit 10.3%. This is trouble of a kind no one on this board has ever known. One year into a recession that probably has at least a couple years to go. There’s never been a better time to observe rather than participate. The real carnage is coming.
ParticipantCA unemployment just hit 10.3%. This is trouble of a kind no one on this board has ever known. One year into a recession that probably has at least a couple years to go. There’s never been a better time to observe rather than participate. The real carnage is coming.
ParticipantCA unemployment just hit 10.3%. This is trouble of a kind no one on this board has ever known. One year into a recession that probably has at least a couple years to go. There’s never been a better time to observe rather than participate. The real carnage is coming.
ParticipantRents are coming down. So “cheaper to buy than rent”, means that home prices will be coming down as well. The number of REO’s on the market is flat-out amazing and the rise in unemployment is amazing as well. I track rentals pretty closely and the number available are growing extremely fast. I think the low-end has turned into speculation central.
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