Looks like someone DID warn about the house market
I think it'll be here fairly soon.
04-23-2009, 11:04 AM
#12
Funny. Had a chat today with one of my realtor friends. He's about my age so I asked him if he remembered what happened during the 70's when, as a landlord, you couldn't get renters if your life depended on it. Landlords offered first/last FREE and no security deposit just to land a tenant. It was horrific. Can it happen again?
04-23-2009, 11:33 AM
#14
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Oh well. It's sad that people are losing their homes! But their loss is definitely my gain! I work in utilities so i see lots of people moving from place to place and see lots of vacant houses in nice areas! Sad!
04-23-2009, 11:33 AM
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Originally Posted by AZDavid,Apr 23 2009, 12:21 PM
You may be less happy knowning home prices are expected to fall another 20%+ from current levels before it is all said and done.
04-23-2009, 11:58 AM
#16
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^ I think it was a fairly general statement and probably accurate though overall. It's not to say you didn't get a AWESOME deal, but it might be that you could have gotten an even more AWESOME deal, on the flip side at least the deal is secured and done rather then gamble till the last minute.
I don't think he meant to be a dream smasher though.
04-23-2009, 12:03 PM
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I have been shopping the market in my area since December. Except for the houses that have been on the market over 90 days, prices are extremely stable around my area. Some people are even making offers above the short sale price which does not make any sense to me at all.
And there was no intent to be helpful at all with that comment. I appreciate your kind words though. Looking forward to a house with a swimming pool for the hot summer
And there was no intent to be helpful at all with that comment. I appreciate your kind words though. Looking forward to a house with a swimming pool for the hot summer
04-23-2009, 12:46 PM
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Originally Posted by LostMotion,Apr 23 2009, 02:30 PM
Trying to to pick the bottom is as stupid as trying to pick the top.
Sitting around and waiting for the absolute bottom is moronic. If you see a great house that is WAAAAAAAY underpriced, you have to snatch it up.
04-23-2009, 01:12 PM
#20
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It's not that hard to figure out where we're headed.
Historical averages would suggest we're still well above what houses SHOULD be valued at. The measures being put in place are preventing the market from doing what it needs to do (e.g. collapsing).
As far as who has warned us and predicted what has happened and what will happen, I reccomend you youtube Peter Schiff.
Historical averages would suggest we're still well above what houses SHOULD be valued at. The measures being put in place are preventing the market from doing what it needs to do (e.g. collapsing).
As far as who has warned us and predicted what has happened and what will happen, I reccomend you youtube Peter Schiff.