[Rt.66]

“Most dismiss the idea that America could suffer the same fate as Japan, but some of the differences are overstated. For example, some claim that Japan’s bubble was much bigger than America’s. Yet average house prices nationwide rose by 90% in America between 2000 and 2006, compared with a gain of 51% in Japan between 1985 and early 1991, when Japanese home prices peaked.”

http://www.economist.com/finance/displayStory.cfm?story_id=11964819

From a housing price stand piont, WE are in MUCH worse shape than Japan was.

[Rt.66]

“Most dismiss the idea that America could suffer the same fate as Japan, but some of the differences are overstated. For example, some claim that Japan’s bubble was much bigger than America’s. Yet average house prices nationwide rose by 90% in America between 2000 and 2006, compared with a gain of 51% in Japan between 1985 and early 1991, when Japanese home prices peaked.”

http://www.economist.com/finance/displayStory.cfm?story_id=11964819

From a housing price stand piont, WE are in MUCH worse shape than Japan was.

[Rt.66]

“Most dismiss the idea that America could suffer the same fate as Japan, but some of the differences are overstated. For example, some claim that Japan’s bubble was much bigger than America’s. Yet average house prices nationwide rose by 90% in America between 2000 and 2006, compared with a gain of 51% in Japan between 1985 and early 1991, when Japanese home prices peaked.”

http://www.economist.com/finance/displayStory.cfm?story_id=11964819

From a housing price stand piont, WE are in MUCH worse shape than Japan was.

[Rt.66]

“Most dismiss the idea that America could suffer the same fate as Japan, but some of the differences are overstated. For example, some claim that Japan’s bubble was much bigger than America’s. Yet average house prices nationwide rose by 90% in America between 2000 and 2006, compared with a gain of 51% in Japan between 1985 and early 1991, when Japanese home prices peaked.”

http://www.economist.com/finance/displayStory.cfm?story_id=11964819

From a housing price stand piont, WE are in MUCH worse shape than Japan was.

[Rt.66]

“Most dismiss the idea that America could suffer the same fate as Japan, but some of the differences are overstated. For example, some claim that Japan’s bubble was much bigger than America’s. Yet average house prices nationwide rose by 90% in America between 2000 and 2006, compared with a gain of 51% in Japan between 1985 and early 1991, when Japanese home prices peaked.”

http://www.economist.com/finance/displayStory.cfm?story_id=11964819

From a housing price stand piont, WE are in MUCH worse shape than Japan was.

[Rt.66]

You are correct. Many areas have yet to see 50% off. Some areas appear to be below that mark. It’s just a matter of time though. The time frame at which this market has fallen already, is staggering. Areas of Riverside Co. seemed to fall to 50% off right out of the gate, as if the banks knew this was the starting point at which to start pricing inventory, entering this global collapse. Still the better areas of SD will put up a fight.

The sales pop that “50% off” generates will die in RE. Lower prices breed expectations of still lower prices. The debt bubble America is buried in (and the world) is worse than the housing bubble. And we will not be working our way thru it in 2-3 years, not the way Obama and his cronies are handling it.

Does anybody go to the gas station today and pay $2.30, and consider that a 50% off sale? Afterall it is 50% off the bubble price. Nope, $2.30 is the regular price.

You make a good point about Japan; they were in a better position than us, post RE bubble bursting. From what I have read, we are following Japan’s model in dealing with this crisis.

[Rt.66]

You are correct. Many areas have yet to see 50% off. Some areas appear to be below that mark. It’s just a matter of time though. The time frame at which this market has fallen already, is staggering. Areas of Riverside Co. seemed to fall to 50% off right out of the gate, as if the banks knew this was the starting point at which to start pricing inventory, entering this global collapse. Still the better areas of SD will put up a fight.

The sales pop that “50% off” generates will die in RE. Lower prices breed expectations of still lower prices. The debt bubble America is buried in (and the world) is worse than the housing bubble. And we will not be working our way thru it in 2-3 years, not the way Obama and his cronies are handling it.

Does anybody go to the gas station today and pay $2.30, and consider that a 50% off sale? Afterall it is 50% off the bubble price. Nope, $2.30 is the regular price.

You make a good point about Japan; they were in a better position than us, post RE bubble bursting. From what I have read, we are following Japan’s model in dealing with this crisis.

[Rt.66]

You are correct. Many areas have yet to see 50% off. Some areas appear to be below that mark. It’s just a matter of time though. The time frame at which this market has fallen already, is staggering. Areas of Riverside Co. seemed to fall to 50% off right out of the gate, as if the banks knew this was the starting point at which to start pricing inventory, entering this global collapse. Still the better areas of SD will put up a fight.

The sales pop that “50% off” generates will die in RE. Lower prices breed expectations of still lower prices. The debt bubble America is buried in (and the world) is worse than the housing bubble. And we will not be working our way thru it in 2-3 years, not the way Obama and his cronies are handling it.

Does anybody go to the gas station today and pay $2.30, and consider that a 50% off sale? Afterall it is 50% off the bubble price. Nope, $2.30 is the regular price.

You make a good point about Japan; they were in a better position than us, post RE bubble bursting. From what I have read, we are following Japan’s model in dealing with this crisis.

[Rt.66]

You are correct. Many areas have yet to see 50% off. Some areas appear to be below that mark. It’s just a matter of time though. The time frame at which this market has fallen already, is staggering. Areas of Riverside Co. seemed to fall to 50% off right out of the gate, as if the banks knew this was the starting point at which to start pricing inventory, entering this global collapse. Still the better areas of SD will put up a fight.

The sales pop that “50% off” generates will die in RE. Lower prices breed expectations of still lower prices. The debt bubble America is buried in (and the world) is worse than the housing bubble. And we will not be working our way thru it in 2-3 years, not the way Obama and his cronies are handling it.

Does anybody go to the gas station today and pay $2.30, and consider that a 50% off sale? Afterall it is 50% off the bubble price. Nope, $2.30 is the regular price.

You make a good point about Japan; they were in a better position than us, post RE bubble bursting. From what I have read, we are following Japan’s model in dealing with this crisis.

[Rt.66]

You are correct. Many areas have yet to see 50% off. Some areas appear to be below that mark. It’s just a matter of time though. The time frame at which this market has fallen already, is staggering. Areas of Riverside Co. seemed to fall to 50% off right out of the gate, as if the banks knew this was the starting point at which to start pricing inventory, entering this global collapse. Still the better areas of SD will put up a fight.

The sales pop that “50% off” generates will die in RE. Lower prices breed expectations of still lower prices. The debt bubble America is buried in (and the world) is worse than the housing bubble. And we will not be working our way thru it in 2-3 years, not the way Obama and his cronies are handling it.

Does anybody go to the gas station today and pay $2.30, and consider that a 50% off sale? Afterall it is 50% off the bubble price. Nope, $2.30 is the regular price.

You make a good point about Japan; they were in a better position than us, post RE bubble bursting. From what I have read, we are following Japan’s model in dealing with this crisis.

[Rt.66]

This 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?

50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.

So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?

Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.

Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.

The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.

Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????

A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.

[Rt.66]

This 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?

50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.

So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?

Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.

Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.

The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.

Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????

A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.

[Rt.66]

This 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?

50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.

So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?

Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.

Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.

The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.

Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????

A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.

[Rt.66]

This 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?

50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.

So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?

Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.

Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.

The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.

Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????

A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.

[Rt.66]

This 50% off thing is funny. Do you people rush into the jewelry store waving your credit card every time you see the 50% off sign?

50% off gets us to what 2001-2002? 2002 was a good economy, houses had been going up for years, it was in no way a bottom from which the bubble started. 2002 was the last year of regular, almost sane price increases in RE, then the bubble took over and people gladly paid twice what a house sold for in 2001-2002.

So is 50% a good deal? Is the shape of the economy as rosy as it was in 2002?

Just as everyone now knows that the jewelry store’s regular price is actually the 50% off price, 2001-2002 pricing will be seen as the real price, and the point at which real discounts begin.

Look at Japan; people over there hung on year after year thinking the market would come back and now hundreds of thousands have paid 20 years on a house STILL worth 1/2 what they paid. And things are not finally getting better over there; rather they are sinking back into a financial black hole.

The market needs knife catchers and it will find them. The Gov. is orchestrating your finger amputation perfectly with new housing programs every 3 months, relaxed mark-to-market, TARP funding, etc. The banks in turn hide the inventory, stall foreclosures and create a frenzied bidding environment on any house they put on the market in the magical (mythical) 50% off range.

Jobs disappear, stores close, 401ks become 201ks, pensions evaporate in BK courts and yet prices that doubled in the biggest bubble in history, then coming back down to where they started, are considered 50% off deals????

A realtor skilled in digit re-attachment could probably make a killing offering a 2-for-1 service.

[Author]

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