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peterb
ParticipantWell, this thread is concerning “investor” behavior. You’ve made several assumptions that would be incorrect for me. Sounds like Chris as well as some others. I come here to get a feel for how the more conservative buyer is thinking and behaving. For me it’s not price that’s a motivator for purchasing. It’s whether or not it’s going up in value and how quickly… that would cause me to buy again.
peterb
ParticipantWell, this thread is concerning “investor” behavior. You’ve made several assumptions that would be incorrect for me. Sounds like Chris as well as some others. I come here to get a feel for how the more conservative buyer is thinking and behaving. For me it’s not price that’s a motivator for purchasing. It’s whether or not it’s going up in value and how quickly… that would cause me to buy again.
peterb
ParticipantWell, this thread is concerning “investor” behavior. You’ve made several assumptions that would be incorrect for me. Sounds like Chris as well as some others. I come here to get a feel for how the more conservative buyer is thinking and behaving. For me it’s not price that’s a motivator for purchasing. It’s whether or not it’s going up in value and how quickly… that would cause me to buy again.
peterb
ParticipantYes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.
peterb
ParticipantYes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.
peterb
ParticipantYes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.
peterb
ParticipantYes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.
peterb
ParticipantYes, I think this herd has been starting to buy in the last year or so. Starting with TG. Then others have begun to be infected as well. I’ve been checking this site for about 2 years and it has become much more pro-purchase than when I first came here. I’d say it’s up to maybe 30% in favor of buying now.
peterb
ParticipantI’m not disagreeing that higher priced property is in for a big drop. But, my point is to look at the macro picture and extrapolate from the situation.It’s not a stretch to go much further. Odds of any prices increasing are bad for quite a while. So they go sideways or down. Not an investment I want to be in on.
CA unemployment at 11.3% and growing. Worst in post WII history. Next stop 1930’s?
The state of CA is about to lay-off thousands of employees. That may have some downward pressure on all levels of housing as well?peterb
ParticipantI’m not disagreeing that higher priced property is in for a big drop. But, my point is to look at the macro picture and extrapolate from the situation.It’s not a stretch to go much further. Odds of any prices increasing are bad for quite a while. So they go sideways or down. Not an investment I want to be in on.
CA unemployment at 11.3% and growing. Worst in post WII history. Next stop 1930’s?
The state of CA is about to lay-off thousands of employees. That may have some downward pressure on all levels of housing as well?peterb
ParticipantI’m not disagreeing that higher priced property is in for a big drop. But, my point is to look at the macro picture and extrapolate from the situation.It’s not a stretch to go much further. Odds of any prices increasing are bad for quite a while. So they go sideways or down. Not an investment I want to be in on.
CA unemployment at 11.3% and growing. Worst in post WII history. Next stop 1930’s?
The state of CA is about to lay-off thousands of employees. That may have some downward pressure on all levels of housing as well?peterb
ParticipantI’m not disagreeing that higher priced property is in for a big drop. But, my point is to look at the macro picture and extrapolate from the situation.It’s not a stretch to go much further. Odds of any prices increasing are bad for quite a while. So they go sideways or down. Not an investment I want to be in on.
CA unemployment at 11.3% and growing. Worst in post WII history. Next stop 1930’s?
The state of CA is about to lay-off thousands of employees. That may have some downward pressure on all levels of housing as well?peterb
ParticipantI’m not disagreeing that higher priced property is in for a big drop. But, my point is to look at the macro picture and extrapolate from the situation.It’s not a stretch to go much further. Odds of any prices increasing are bad for quite a while. So they go sideways or down. Not an investment I want to be in on.
CA unemployment at 11.3% and growing. Worst in post WII history. Next stop 1930’s?
The state of CA is about to lay-off thousands of employees. That may have some downward pressure on all levels of housing as well?peterb
ParticipantTheories should have some analytical basis as support. Consider the logic, place your bets. History may not exactly repeat itself, but it sure does tend to rhyme.
Here’s a couple that I find compelling:http://www.doctorhousingbubble.com/
http://www.frbsf.org/publications/economics/letter/2009/el2009-16.pdf
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