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February 2, 2012 at 2:06 PM in reply to: Redfin shows San Diego Inventory at 31% below the two year low… WHY? #737269February 2, 2012 at 9:33 AM in reply to: Redfin shows San Diego Inventory at 31% below the two year low… WHY? #737250
The-Shoveler
ParticipantSlow and steady , hmmm
These things seldom work that way for long.But maybe this time is different
The-Shoveler
ParticipantThat’s not crazy I will show you crazy,
I just bought QID (also in IRA, it’s the only way to trade!!).
now that’s crazy, Somehow I know I am just going to get steam rolled on that one.
February 2, 2012 at 6:54 AM in reply to: Redfin shows San Diego Inventory at 31% below the two year low… WHY? #737227The-Shoveler
ParticipantNot so sure demand is really low, just stifled.
Really prices are low enough in most area’s now (OK maybe not Coastal SD)U.S. Homebuilders Applaud Fed Report on Tight Lending Standards
Maybe they are waiting for them to flip the switch ?
Manipulation works both ways sometimes.
February 1, 2012 at 4:25 PM in reply to: Redfin shows San Diego Inventory at 31% below the two year low… WHY? #737179The-Shoveler
ParticipantI think I saw something where now if you’re in the short sale process, then they cannot simultaneously start the foreclosure process on you, but I could be wrong,
Me myself I think the banks are planning to wait until demand comes on line. I think they learned their lesson on the beating they took at the low end; I don’t think they could not survive that again,
Then again I would not want to be looking in CV after QCOM’s and Broadcoms earnings either.The-Shoveler
ParticipantWell is seems flu was right Facebook, QCOM and Tech’s are starting another bubble (Woohoo for the tech’es out there).
I guess I would not want to be the guy looking to buy a place down towards CV any time soon.The-Shoveler
ParticipantOh I forgot RE only goes down,
Well if I am right I will be less silly at least.
What I was referring to was that the great recession would be over once the market normalized (mostly at the mid to low end). And we would not be looking at 8-9 % unemployment.
Really it makes no sense to require 20% down payments right now, it did in 2003-2006 but not now.The-Shoveler
ParticipantOK I got the link bookmarked,
Lets check back in a few years.The-Shoveler
Participant[quote=pri_dk]Stuff usually doesn’t stay where it was made.
The US should certainly be on that list – still the world’s #1 manufacturer (although China is catching up quickly.)[/quote]
Well I have said several times the downturn is really just in the real estate related sectors,
If we could get the housing market to get back to a normal market (ie.. not just investors buying REO’s for steep discounts for all cash). Then we would be under 6% unemployment.
If the banks were to loosen up the mortgage market just a little this would be over in a flash.
Makes me think they are just waiting for a signal or something.The-Shoveler
ParticipantWe need a new thread ,
Need Plan for 10 Mil in 10 years,
OK Plan for 10 Mil in 3 years.
The-Shoveler
ParticipantI think you need to break that down in years, from about 2002 to 2006 somewhere we were in the housing bubble and definitely parting like it was 1999,
But I am with WW, where are all the bitchin BMW’s and the like used cars, I mean there should be a lot of them somewhere ?
The-Shoveler
ParticipantIn absents of a major event (Iran, Europe etc…) sdr and “SD R” are right.
The average underwater home owner in SoCal is down 90~100K, There is no way in heck there will ever be a true economic recovery when that is even close to being the case. The PTB know this.
But I get all kinds of conflicting indicators as well, the GSE betting against the home owners is just one of them (I said it before and I will say it again, for some reason the PTB want it the way it is, otherwise they would have come up with a resolution a long time ago.
If it was easier to get a mortgage, at least in the low end area’s this downturn would have been history a long time ago,I took the red pill.
The-Shoveler
ParticipantWell these guys are getting ready for something
Blackstone’s new real estate fund passes $6 billion
http://finance.yahoo.com/news/blackstones-real-estate-fund-passes-011947814.html
The-Shoveler
Participant“During the RTC sales in the 89/90 timeframe people were buying lots of condos at the beach for $10k each with cash.
People were buying homes in Florida for a dollar. ”Dude Really ??
I want a few of each if that occurs again thanks, can’t wait !!
As for stocks, I think I will wait it out this time, Both Europe and the attack aforementioned are a when not if thing IMO, Myself, I would not want to be holding overnight when that occurs.
The-Shoveler
ParticipantI don’t get it, you guys pay 40 to 60K for weekend hobby cars, Then you complain/worry about people over paying 50 to 100K for a house?
Just kidding LOL !!!Me I am sticking with Ford, I have at least 300K miles on the current one.
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