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sd_bear
ParticipantI can’t give dates of when, but I’m pretty sure that they will actually bottom in that order.
North Park, then South Park, the Univ Heights, then Hillcrest, then Mission Hills.
When I walk my dog every night in University Heights past the for sale signs I still see a LOT of denial.
I think Hillcrest/Mission Hills will be 2010+, and the other 3 may occur by the end of 2009. The more desirable areas hold up longer.
ParticipantI can’t give dates of when, but I’m pretty sure that they will actually bottom in that order.
North Park, then South Park, the Univ Heights, then Hillcrest, then Mission Hills.
When I walk my dog every night in University Heights past the for sale signs I still see a LOT of denial.
I think Hillcrest/Mission Hills will be 2010+, and the other 3 may occur by the end of 2009. The more desirable areas hold up longer.
ParticipantI can’t give dates of when, but I’m pretty sure that they will actually bottom in that order.
North Park, then South Park, the Univ Heights, then Hillcrest, then Mission Hills.
When I walk my dog every night in University Heights past the for sale signs I still see a LOT of denial.
I think Hillcrest/Mission Hills will be 2010+, and the other 3 may occur by the end of 2009. The more desirable areas hold up longer.
ParticipantI can’t give dates of when, but I’m pretty sure that they will actually bottom in that order.
North Park, then South Park, the Univ Heights, then Hillcrest, then Mission Hills.
When I walk my dog every night in University Heights past the for sale signs I still see a LOT of denial.
I think Hillcrest/Mission Hills will be 2010+, and the other 3 may occur by the end of 2009. The more desirable areas hold up longer.
February 25, 2008 at 4:16 PM in reply to: Housing Prices Near Bottom according to MotleyFool #159736ParticipantI don’t buy it.
Houses are fancier with better gadgets and wiring and materials? Even if its true, it doesn’t mean prices won’t fall. If the price is too high for someone to buy no matter how much it cost to create, it won’t get sold.
If fancy houses with nice wiring is too expensive to build then it will no longer be built. Meanwhile prices will continue to fall until someone can afford to pay that price for the ones that exist. And on top of that, there are 50 year old homes that are still grossly inflated – what is the reasoning for their skyrocketing prices?
February 25, 2008 at 4:16 PM in reply to: Housing Prices Near Bottom according to MotleyFool #160033ParticipantI don’t buy it.
Houses are fancier with better gadgets and wiring and materials? Even if its true, it doesn’t mean prices won’t fall. If the price is too high for someone to buy no matter how much it cost to create, it won’t get sold.
If fancy houses with nice wiring is too expensive to build then it will no longer be built. Meanwhile prices will continue to fall until someone can afford to pay that price for the ones that exist. And on top of that, there are 50 year old homes that are still grossly inflated – what is the reasoning for their skyrocketing prices?
February 25, 2008 at 4:16 PM in reply to: Housing Prices Near Bottom according to MotleyFool #160049ParticipantI don’t buy it.
Houses are fancier with better gadgets and wiring and materials? Even if its true, it doesn’t mean prices won’t fall. If the price is too high for someone to buy no matter how much it cost to create, it won’t get sold.
If fancy houses with nice wiring is too expensive to build then it will no longer be built. Meanwhile prices will continue to fall until someone can afford to pay that price for the ones that exist. And on top of that, there are 50 year old homes that are still grossly inflated – what is the reasoning for their skyrocketing prices?
February 25, 2008 at 4:16 PM in reply to: Housing Prices Near Bottom according to MotleyFool #160051ParticipantI don’t buy it.
Houses are fancier with better gadgets and wiring and materials? Even if its true, it doesn’t mean prices won’t fall. If the price is too high for someone to buy no matter how much it cost to create, it won’t get sold.
If fancy houses with nice wiring is too expensive to build then it will no longer be built. Meanwhile prices will continue to fall until someone can afford to pay that price for the ones that exist. And on top of that, there are 50 year old homes that are still grossly inflated – what is the reasoning for their skyrocketing prices?
February 25, 2008 at 4:16 PM in reply to: Housing Prices Near Bottom according to MotleyFool #160130ParticipantI don’t buy it.
Houses are fancier with better gadgets and wiring and materials? Even if its true, it doesn’t mean prices won’t fall. If the price is too high for someone to buy no matter how much it cost to create, it won’t get sold.
If fancy houses with nice wiring is too expensive to build then it will no longer be built. Meanwhile prices will continue to fall until someone can afford to pay that price for the ones that exist. And on top of that, there are 50 year old homes that are still grossly inflated – what is the reasoning for their skyrocketing prices?
ParticipantIf nothing else it’ll at least give the banks time to work through a lot of the foreclosures that have been piling up.
As far as the housing bust goes – if they keep people in homes they can’t afford by lowering the rates or freezing them it’ll just drag this out even longer. Not to mention piss a lot of people off who didn’t miss payments and had a fixed rate that is higher than what loans will be frozen at. This plan really disgusts me.
Won’t this raise interest rates on new loans since now there is added risk?
ParticipantIf nothing else it’ll at least give the banks time to work through a lot of the foreclosures that have been piling up.
As far as the housing bust goes – if they keep people in homes they can’t afford by lowering the rates or freezing them it’ll just drag this out even longer. Not to mention piss a lot of people off who didn’t miss payments and had a fixed rate that is higher than what loans will be frozen at. This plan really disgusts me.
Won’t this raise interest rates on new loans since now there is added risk?
ParticipantIf nothing else it’ll at least give the banks time to work through a lot of the foreclosures that have been piling up.
As far as the housing bust goes – if they keep people in homes they can’t afford by lowering the rates or freezing them it’ll just drag this out even longer. Not to mention piss a lot of people off who didn’t miss payments and had a fixed rate that is higher than what loans will be frozen at. This plan really disgusts me.
Won’t this raise interest rates on new loans since now there is added risk?
ParticipantIf nothing else it’ll at least give the banks time to work through a lot of the foreclosures that have been piling up.
As far as the housing bust goes – if they keep people in homes they can’t afford by lowering the rates or freezing them it’ll just drag this out even longer. Not to mention piss a lot of people off who didn’t miss payments and had a fixed rate that is higher than what loans will be frozen at. This plan really disgusts me.
Won’t this raise interest rates on new loans since now there is added risk?
ParticipantIf nothing else it’ll at least give the banks time to work through a lot of the foreclosures that have been piling up.
As far as the housing bust goes – if they keep people in homes they can’t afford by lowering the rates or freezing them it’ll just drag this out even longer. Not to mention piss a lot of people off who didn’t miss payments and had a fixed rate that is higher than what loans will be frozen at. This plan really disgusts me.
Won’t this raise interest rates on new loans since now there is added risk?
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