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peterb
ParticipantEvery “investment” is speculation. Unless you can predict the future, it’s a gamble.
The one exception being Goldman Sachs, of course. Mainly because they can write the future as needed.ParticipantEvery “investment” is speculation. Unless you can predict the future, it’s a gamble.
The one exception being Goldman Sachs, of course. Mainly because they can write the future as needed.ParticipantEvery “investment” is speculation. Unless you can predict the future, it’s a gamble.
The one exception being Goldman Sachs, of course. Mainly because they can write the future as needed.ParticipantIf you can find a graph of CA RE prices from 1960 until now and overlay the unemployment figures on top of it, you’ll see how unemployment is by far the biggest factor is determining where the prices are headed. Anything over 7% causes downward pricing pressure. We’re at 11.3% and growing. This is far, far from over.
ParticipantIf you can find a graph of CA RE prices from 1960 until now and overlay the unemployment figures on top of it, you’ll see how unemployment is by far the biggest factor is determining where the prices are headed. Anything over 7% causes downward pricing pressure. We’re at 11.3% and growing. This is far, far from over.
ParticipantIf you can find a graph of CA RE prices from 1960 until now and overlay the unemployment figures on top of it, you’ll see how unemployment is by far the biggest factor is determining where the prices are headed. Anything over 7% causes downward pricing pressure. We’re at 11.3% and growing. This is far, far from over.
ParticipantIf you can find a graph of CA RE prices from 1960 until now and overlay the unemployment figures on top of it, you’ll see how unemployment is by far the biggest factor is determining where the prices are headed. Anything over 7% causes downward pricing pressure. We’re at 11.3% and growing. This is far, far from over.
ParticipantIf you can find a graph of CA RE prices from 1960 until now and overlay the unemployment figures on top of it, you’ll see how unemployment is by far the biggest factor is determining where the prices are headed. Anything over 7% causes downward pricing pressure. We’re at 11.3% and growing. This is far, far from over.
ParticipantThe U-6 level of unemployment in CA is probably ~20% at this point. I doubt any of these people are buying houses. But, out of the 80% still employed and getting paid enough to obtain a home loan, prices have come way down at the low-end tier.(And the govt is making the money side of the deal about as good as they ever have in history.) These were people that were priced-out of this market until about a year ago.
It’s a classic reaction of pent-up demand purchasing. Considering how many people now work for the govt, especially at the federal level, they dont get paid a lot, but they know their job is far more stable/safe than the private sector.
ParticipantThe U-6 level of unemployment in CA is probably ~20% at this point. I doubt any of these people are buying houses. But, out of the 80% still employed and getting paid enough to obtain a home loan, prices have come way down at the low-end tier.(And the govt is making the money side of the deal about as good as they ever have in history.) These were people that were priced-out of this market until about a year ago.
It’s a classic reaction of pent-up demand purchasing. Considering how many people now work for the govt, especially at the federal level, they dont get paid a lot, but they know their job is far more stable/safe than the private sector.
ParticipantThe U-6 level of unemployment in CA is probably ~20% at this point. I doubt any of these people are buying houses. But, out of the 80% still employed and getting paid enough to obtain a home loan, prices have come way down at the low-end tier.(And the govt is making the money side of the deal about as good as they ever have in history.) These were people that were priced-out of this market until about a year ago.
It’s a classic reaction of pent-up demand purchasing. Considering how many people now work for the govt, especially at the federal level, they dont get paid a lot, but they know their job is far more stable/safe than the private sector.
ParticipantThe U-6 level of unemployment in CA is probably ~20% at this point. I doubt any of these people are buying houses. But, out of the 80% still employed and getting paid enough to obtain a home loan, prices have come way down at the low-end tier.(And the govt is making the money side of the deal about as good as they ever have in history.) These were people that were priced-out of this market until about a year ago.
It’s a classic reaction of pent-up demand purchasing. Considering how many people now work for the govt, especially at the federal level, they dont get paid a lot, but they know their job is far more stable/safe than the private sector.
ParticipantThe U-6 level of unemployment in CA is probably ~20% at this point. I doubt any of these people are buying houses. But, out of the 80% still employed and getting paid enough to obtain a home loan, prices have come way down at the low-end tier.(And the govt is making the money side of the deal about as good as they ever have in history.) These were people that were priced-out of this market until about a year ago.
It’s a classic reaction of pent-up demand purchasing. Considering how many people now work for the govt, especially at the federal level, they dont get paid a lot, but they know their job is far more stable/safe than the private sector.
ParticipantThe latest Mr Mortgage take on REO activity:
http://www.fieldcheckgroup.com/2009/05/08/5-7-mark-hanson-special-reo-investor-report/ -
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