Sell Now - The End Of The Housing Bubble

RE:Sell Now - The End Of The Housing Bubble

Ray — Wed, 06 Sep 2006 11:00:00 GMT

Own free and clear, at least 2 homes in a retirement area (Plenty of them around for around 100 a ft) so that when your stocks go belly up you can always fall back on your homes. Live in one and rent the other. Why did we build the worlds greatest economic empire and place it on a small island in of the Atlantic Coast?! What will happen when NYC is devastated by a hurricane and under 20 ft of water? Talk about the housing markets blowing bubbles!

RE:Sell Now - The End Of The Housing Bubble

Appraiser in NW Florida — Thu, 06 Jul 2006 11:00:00 GMT

In NW Fl supply is currently 3 times normal and sales are the same as 1 year ago when supply was at an all time low due to demand. Demand has remained relatively stable but supply has increased 3 fold at a minmum

RE:Sell Now - The End Of The Housing Bubble

KJK — Fri, 30 Jun 2006 11:00:00 GMT

Funny how the comments here sound so much like those I heard prior to the 2000 stock market plunge. Remember 1989? The neighbor of a customer of mine bought a town home in 1988 at the top of the market in DC. Ten years later they sold it for the 88 price. I work with a lady who purchased a house in Dallas in the mid 80's. In the mid 1990's they mailed a 30K check back to Texas to payoff the mortgage when the home finally sold. You can live in the house after the market tanks but it hurts.

RE:Sell Now - The End Of The Housing Bubble

Andrew in Calif. mountains — Thu, 29 Jun 2006 11:00:00 GMT

Only God knows, but as long as population growth continues in a given area, it seems most likely that real estate values will trend upwards. How much, even adjusted for inflation, did the U.S. pay for the Louisiana Purchase? Or for Alaska??? My philosophy: Invest in real estate in areas likely to grow in desirability and don't overextend oneself by excessive use of leverage.

RE:Sell Now - The End Of The Housing Bubble

Dan — Wed, 28 Jun 2006 11:00:00 GMT

I'll make this real easy for everyone. If you listen to Talbott your probabaly renting somewhere instead of owning a home. If you sold when Talbott told you he just lost you 30-40% increase in value of your home. I wish everyone would stop talking about the bubble (or lack there of). Talk to Talbott in about 12 months when the home you sold for a 30% loss is up another 30%. Bottom line is the home is the best investment today and people like Talbott ar just getting rich selling you fluff.

RE:Sell Now - The End Of The Housing Bubble

Dawn — Mon, 19 Jun 2006 11:00:00 GMT

The stress of this whole "bubble" and the rising interest rates are causing me major personal distress - I refinanced my 2nd mortgage a bit over a year ago to very low rates - unfortunately, the loan is a home equity loan - and now, I'm back at my original rate and $12 more a month - I have a pre-payment penalty on my 1st mortgage which doesn't expire until October, so I'm treading water until then, when I can SELL my condo, pay off all my debts, and go back to crappy apartment living - oh joy.

RE:Sell Now - The End Of The Housing Bubble

Dude — Thu, 15 Jun 2006 11:00:00 GMT

> There are alot of people that feel this way. There are many that are boycotting housing all together - refusing to buy a home until fundamentals are back in line. I agree. I've been waiting to buy a house for years and will continue to wait until the prices plummet. I sure as heck am not going to be the one caught holding the bag. Right now I'm saving money by renting instead of buying. The throw away costs of owning greatly outway the throwable cost of renting.

RE:Sell Now - The End Of The Housing Bubble

Adam — Sun, 11 Jun 2006 11:00:00 GMT

No arguments, except one: I'm aware the FOMC Chairman has no allegiance to the politicos that appoint him and "Bernankespan" looks to the 12 regional banks to decide on how to implement monetary policy. But, the Fed controlled by the nation's largest commercial banks? That seems off the mark. That's like saying all parents are controlled by their children. The Fed's job *unpopular as it may be* is to keep us kids in check & that includes commercial banks. I commend them & all parents.

RE:Sell Now - The End Of The Housing Bubble

KJK — Fri, 09 Jun 2006 11:00:00 GMT

Talbott misses two significant issues- Capital Gains Tax relief vis a vis the impact of tax deferred exchange transactions over the last 5 years, and, the self perpetuating vortex created by the mortgage securitized bond market and the secondary market. I think he is too hard on Commercial Banks and misses the Wall Street/SEC's role entirely. Banks are not dropping the standard nearly as much as secondary market underwriters. His prediction that prices will fall to 1997 levels is dead on.

RE:Sell Now - The End Of The Housing Bubble

Rich — Thu, 08 Jun 2006 11:00:00 GMT

Yes but are any of you brave enough not to get on the train when its going up so fast. The fear is if you are not investing in property, then you are missing out on fast money. If your investment property doubles this year in value, will you be cursing the housing market, i think not. It is fear mongering and it really depends on a realistic alternative. If you pull out now, what will you invest in? Stocks are overvalued and are very volatile. If you wait too long you may be without any options.

RE:Sell Now - The End Of The Housing Bubble

Rich — Thu, 08 Jun 2006 11:00:00 GMT

This is the crux of the matter, nobody knows what would happen if supply outstripped demand at this stage, or if prices were 'really' unaffordable, would there be a crash, or would the banks and the government stop it happenning?

RE:Sell Now - The End Of The Housing Bubble

Shawn — Tue, 06 Jun 2006 11:00:00 GMT

I've lived in the same area my whole life. I started looking for a small house or townhome just about the time the housing market took off. Within a year I saw the same 2-3 bedroom units originally offered for $120,000 selling for $200,000 - without any impmrovement's having been made. I'd thought them overpriced at $120,000 so I was certainly disinclined to pay $200,000. They now list for $350,000 to $400,000.

RE:Sell Now - The End Of The Housing Bubble

Terry — Tue, 06 Jun 2006 11:00:00 GMT

I don't see it as a bubble, but more like a dam. Water is going over the top, not a catastropy yet. Give it some time and the dam breaks. That is where the real problems occur. If there is a "sweet spot" in interest rates we are near it.

RE:Sell Now - The End Of The Housing Bubble

Justin Myers — Mon, 05 Jun 2006 11:00:00 GMT

The Center for Economic & Policy research (www.cepr.net) relased a report in November, "Will a Bursting Bubble Trouble Bernanke?". It's valuable reading as it raises the specter of diverging rent prices & house prices in major metropolitan area. If you're motivated enough you can follow up that reading with a trip over to www.ofheo.gov and read the new Housing Price Index numbers including an update of the graph demonstrating the divergence. It sounds rational enough to me.

RE:Sell Now - The End Of The Housing Bubble

Anonymous — Mon, 05 Jun 2006 11:00:00 GMT

There are alot of people that feel this way. There are many that are boycotting housing all together - refusing to buy a home until fundamentals are back in line.