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July 11, 2007 at 3:09 PM in reply to: Standard & Poor’s just drove a huge harpoon into the heart of the mortgage credit bubble, #65268July 11, 2007 at 3:09 PM in reply to: Standard & Poor’s just drove a huge harpoon into the heart of the mortgage credit bubble, #65331
rb_engineer
Participantlniles,
I’m not sure about that. S&P 500 is up 10% this year. That would make it 20% per anum.
July 11, 2007 at 1:25 PM in reply to: Standard & Poor’s just drove a huge harpoon into the heart of the mortgage credit bubble, #65254ParticipantOK, the doom and gloom scenarios are making me feel lousy. Here’s a lighter (say more neutral) take on the situation:
July 11, 2007 at 1:25 PM in reply to: Standard & Poor’s just drove a huge harpoon into the heart of the mortgage credit bubble, #65317ParticipantOK, the doom and gloom scenarios are making me feel lousy. Here’s a lighter (say more neutral) take on the situation:
July 11, 2007 at 12:02 AM in reply to: Standard & Poor’s just drove a huge harpoon into the heart of the mortgage credit bubble, #65135ParticipantI hate to break up the bear fest but isn’t this old news? Kind of like an analyst downgrading a stock after it has been beaten down to the ground? I’ve seen S&P do this to stocks many times.
July 11, 2007 at 12:02 AM in reply to: Standard & Poor’s just drove a huge harpoon into the heart of the mortgage credit bubble, #65196ParticipantI hate to break up the bear fest but isn’t this old news? Kind of like an analyst downgrading a stock after it has been beaten down to the ground? I’ve seen S&P do this to stocks many times.
Participantfromnj,
Hmm. I don’t think I’m qualified enough to answer that…
I can try though!
In Carmel Valley, which I follow, deviation between builders and resale are pretty small. I don’t really track the RB market but there seems to be a bigger gap there, which probably means the market is less active and it will take longer for them to correlate.
Right now is definitely not a good time to buy since the after effects of spring bounce is still lingering.
Participantfromnj,
Hmm. I don’t think I’m qualified enough to answer that…
I can try though!
In Carmel Valley, which I follow, deviation between builders and resale are pretty small. I don’t really track the RB market but there seems to be a bigger gap there, which probably means the market is less active and it will take longer for them to correlate.
Right now is definitely not a good time to buy since the after effects of spring bounce is still lingering.
ParticipantIn 2006, Oct/Nov had the largest incentives/reductions.
ParticipantIn 2006, Oct/Nov had the largest incentives/reductions.
ParticipantNeighborhoods Considering:
Del Mar, La JollaCondo House: Townhouse, Condo
Price Range: $350 – $400
Size Range: 1400+ sf
Currently: Have a house.
Shopping the Market?: Nope. Not until there’s blood on the streets of La Jolla
ParticipantNeighborhoods Considering:
Del Mar, La JollaCondo House: Townhouse, Condo
Price Range: $350 – $400
Size Range: 1400+ sf
Currently: Have a house.
Shopping the Market?: Nope. Not until there’s blood on the streets of La Jolla
ParticipantHmm, now you are taking cheap shots at me. Geez.
I’m more of a realist than a permabull. I don’t want the housing to go down if that means it will take the rest of the economy with it. I have researched a few downturns of the past (Japan, Korea, San Diego). Their economy has to turn really sour for a big time price drop.
If housing can crash without taking down the economy, what better situation can you ask for? We can all become land barons!
But I don’t know what the fuss is about. Why are you complaining about housing prices? You can easily move to Temecula/Chula Vista/Ramona etc and afford a nice house. That’s the fact of life, some people got here first. You don’t see people complaining about land owners in Manhattan, do you?
ParticipantHmm, now you are taking cheap shots at me. Geez.
I’m more of a realist than a permabull. I don’t want the housing to go down if that means it will take the rest of the economy with it. I have researched a few downturns of the past (Japan, Korea, San Diego). Their economy has to turn really sour for a big time price drop.
If housing can crash without taking down the economy, what better situation can you ask for? We can all become land barons!
But I don’t know what the fuss is about. Why are you complaining about housing prices? You can easily move to Temecula/Chula Vista/Ramona etc and afford a nice house. That’s the fact of life, some people got here first. You don’t see people complaining about land owners in Manhattan, do you?
ParticipantJWM, I understand your situation. I have co-workers who are in similar situation. They have waited for the last 10 years and are frustrated as you are. They want to buy in the nicest chick area (CV in their case) but don’t want to pay the hefty price.
My advice to them is that since they have waited this long, they might as well wait a little more to see their idea play out. It looks though, as they look at more and more houses, they are more inclined to pull the trigger. After all, having your own house is quite enjoyable even with all the work and cost involved.
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