[peterb]

4Plex. I agree. Human behavior does not change, so studying economic history really pays off. I think the bubble started in the last 1990’s in RE as it was clearly headed for a break in 2002 when Greenspan came in with 1% and kept it there. I remember very clearly selling two homes in 2002 and it was touch and go because the market was cooling off big time. Then, in 2003, after a year or so of 1%, the RE market started to get going again. Then loans got really stupid and we were off to the races. So a mid 1990’s price level for SD RE in the next 3 years would not surprise me at all. Getting in now, is really a bad move.

[peterb]

4Plex. I agree. Human behavior does not change, so studying economic history really pays off. I think the bubble started in the last 1990’s in RE as it was clearly headed for a break in 2002 when Greenspan came in with 1% and kept it there. I remember very clearly selling two homes in 2002 and it was touch and go because the market was cooling off big time. Then, in 2003, after a year or so of 1%, the RE market started to get going again. Then loans got really stupid and we were off to the races. So a mid 1990’s price level for SD RE in the next 3 years would not surprise me at all. Getting in now, is really a bad move.

[peterb]

4Plex. I agree. Human behavior does not change, so studying economic history really pays off. I think the bubble started in the last 1990’s in RE as it was clearly headed for a break in 2002 when Greenspan came in with 1% and kept it there. I remember very clearly selling two homes in 2002 and it was touch and go because the market was cooling off big time. Then, in 2003, after a year or so of 1%, the RE market started to get going again. Then loans got really stupid and we were off to the races. So a mid 1990’s price level for SD RE in the next 3 years would not surprise me at all. Getting in now, is really a bad move.

[peterb]

4Plex. I agree. Human behavior does not change, so studying economic history really pays off. I think the bubble started in the last 1990’s in RE as it was clearly headed for a break in 2002 when Greenspan came in with 1% and kept it there. I remember very clearly selling two homes in 2002 and it was touch and go because the market was cooling off big time. Then, in 2003, after a year or so of 1%, the RE market started to get going again. Then loans got really stupid and we were off to the races. So a mid 1990’s price level for SD RE in the next 3 years would not surprise me at all. Getting in now, is really a bad move.

[peterb]

The RE market moves so slowly that no one should worry about “missing the bottom”. That’s stupid. And so is leverging yourself into the biggest debt you’ll probably ever have on a depreciating asset!
Think people! That’s what got us into this mess. Really stupid abuse and miss use of debt. Anyone who uses big leverage to go long on a depreciating asset, deserves what they get. It’s the price of education, I guess.

[peterb]

The RE market moves so slowly that no one should worry about “missing the bottom”. That’s stupid. And so is leverging yourself into the biggest debt you’ll probably ever have on a depreciating asset!
Think people! That’s what got us into this mess. Really stupid abuse and miss use of debt. Anyone who uses big leverage to go long on a depreciating asset, deserves what they get. It’s the price of education, I guess.

[peterb]

The RE market moves so slowly that no one should worry about “missing the bottom”. That’s stupid. And so is leverging yourself into the biggest debt you’ll probably ever have on a depreciating asset!
Think people! That’s what got us into this mess. Really stupid abuse and miss use of debt. Anyone who uses big leverage to go long on a depreciating asset, deserves what they get. It’s the price of education, I guess.

[peterb]

The RE market moves so slowly that no one should worry about “missing the bottom”. That’s stupid. And so is leverging yourself into the biggest debt you’ll probably ever have on a depreciating asset!
Think people! That’s what got us into this mess. Really stupid abuse and miss use of debt. Anyone who uses big leverage to go long on a depreciating asset, deserves what they get. It’s the price of education, I guess.

[peterb]

The RE market moves so slowly that no one should worry about “missing the bottom”. That’s stupid. And so is leverging yourself into the biggest debt you’ll probably ever have on a depreciating asset!
Think people! That’s what got us into this mess. Really stupid abuse and miss use of debt. Anyone who uses big leverage to go long on a depreciating asset, deserves what they get. It’s the price of education, I guess.

[peterb]

That sure is an encouraging graph! Anyone thinking of buying a house right now should take a look at this. Consider that the poop storm has not really hit yet, too. Well, this is going to be one for the record books, folks. Sit back and watch the total implosion in 2009. I’m so glad I sold all my real estate in early 2007!!!!!

[peterb]

That sure is an encouraging graph! Anyone thinking of buying a house right now should take a look at this. Consider that the poop storm has not really hit yet, too. Well, this is going to be one for the record books, folks. Sit back and watch the total implosion in 2009. I’m so glad I sold all my real estate in early 2007!!!!!

[peterb]

That sure is an encouraging graph! Anyone thinking of buying a house right now should take a look at this. Consider that the poop storm has not really hit yet, too. Well, this is going to be one for the record books, folks. Sit back and watch the total implosion in 2009. I’m so glad I sold all my real estate in early 2007!!!!!

[peterb]

That sure is an encouraging graph! Anyone thinking of buying a house right now should take a look at this. Consider that the poop storm has not really hit yet, too. Well, this is going to be one for the record books, folks. Sit back and watch the total implosion in 2009. I’m so glad I sold all my real estate in early 2007!!!!!

[peterb]

That sure is an encouraging graph! Anyone thinking of buying a house right now should take a look at this. Consider that the poop storm has not really hit yet, too. Well, this is going to be one for the record books, folks. Sit back and watch the total implosion in 2009. I’m so glad I sold all my real estate in early 2007!!!!!

[peterb]

A month ago I thought the Dow would be in the low 6000’s. Now I think the low 5000’s. Probably say low 4000’s in November at this rate.
The Nikkie is at 1982 levels and they actually make stuff people want. Does not bode will for the USA.

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