Is Evidence Mounting Against A Housing Bubble Bust

RE:Is Evidence Mounting Against A Housing Bubble Bust

Quite Dismayed — Sat, 11 Mar 2006 13:00:00 GMT

Its quite amazing that with all the statistics showing that prices are falling and inventory has reached an 11 year high that Realtors and Mortage Brokers are still trying to convince people that now is a great time to buy and that prices will continue to rise. It reminds of the time when Iraq was getting pummled by missiles and their news correspondent kept telling the press that everything was fine as smoke and fire dominated the background of the camera.

RE:Is Evidence Mounting Against A Housing Bubble Bust

Connie — Sat, 25 Feb 2006 13:00:00 GMT

Greed is what fueled this last real estate boom. First time homebuyers were scared into taking on adjustable rate mortages they cant afford in three years rather than be priced out of the market. Lenders defied their normal lending practices by making no down payment loans. Flippers and investors drove up the markets while alot of would be real owner occupied buyers got priced out of the market. This messed up the true supply and demand variables that will have to correct coming up.

RE:Is Evidence Mounting Against A Housing Bubble Bust

Scout — Mon, 20 Feb 2006 13:00:00 GMT

Ok, maybe prime buying time based on price will be in 5 years, but how high will interest rates be back to by then? They have been growing rapidly lately. Unless you are buying with all cash, you might be just as well or maybe even better off buying now.

RE:Is Evidence Mounting Against A Housing Bubble Bust

Alex — Tue, 14 Feb 2006 13:00:00 GMT

How can I be a contrarian to the contrarians? A normal real estate cycle runs 14 years. After the 1989 peak, it took 5-7 years to find the low. Hence, we can project that a good buying time would be 2010-2012. That's if we have a normal cycle. But throw this monkeywrench in the spokes. Bush may go down as the worst U.S. president selling the candy store through relative good times. We may look like Upper Volta or Moscow in 94 in 7 years. Good sledding!

RE:Is Evidence Mounting Against A Housing Bubble Bust

Diamond Dog — Sun, 12 Feb 2006 13:00:00 GMT

I have been house hunting almost every weekend and watching all the websites of house listings. Nothing seems to be moving. When I visit homes I am always met with the realtors comment: "You better get it now before it's gone!" Well it's not gone and it's just sitting there increasing in price with no buyers. There are those few dummies still buying. They need to stop and prices will come down. Port Saint Lucie, Florida

RE:Is Evidence Mounting Against A Housing Bubble Bust

gocigz — Sun, 12 Feb 2006 13:00:00 GMT

Real estate prices go up, as well as other components of inflation, and interest rates. Everyone jumped on no money down and adjustables. Wait until those adjustables kickin in 2 to 3 years. Homeowners will of course want to refinance but who knowns what the rate will be then. Everyone says real estate is the best place to invest. Remember that unless you pay the balance off the bank owns your property and you are making the bank rich. Property might appreciate, but so do those other investments.

RE:Is Evidence Mounting Against A Housing Bubble Bust

bob — Fri, 10 Feb 2006 13:00:00 GMT

What happened to the disclaimer "past performance does not guarantee future results". The nar makes these forcasts as though they are sitting at the controls. It's clear the real estate industry will do and say anything to keep the ball rolling. In the end all booms will end with corrections not expansions. The easy money is going away, the speculators (who deserve to get bit) are bailing and risk is returning to the market. Time for real estate to CRASH!!!

RE:Is Evidence Mounting Against A Housing Bubble Bust

Bernard — Fri, 10 Feb 2006 13:00:00 GMT

There is a lot of talk about supply and demand, however one supply side issue has completely ignored, gen X and Y are floundering in debt and the boomers are aging. Those McMansions purchsed at 50 will be unliveable for someone who is 65 and suffering mobility problems. The boomers children will have to wait until their parents die before they will have any capital to invest in real estate. With the investors and flippers gone, the supply side of buyers with the captial to invest is nearly gone.

RE:Is Evidence Mounting Against A Housing Bubble Bust

Gary Anderson — Thu, 09 Feb 2006 13:00:00 GMT

Well, I know that in Reno, NV there were 500 houses for sale in 2004 and 3500 for sale in 2005. The flipper mentality is not normal. So then, if anyone is reading the blogs showing housing weaknesses they will be holding off as long as 1-3 years before buying. By then, when fed short term rates could be sky high, houses should be worth quite a bit less than today. It is risky to take on the purchase of a house in a time of possible long term decline in value.

RE:Is Evidence Mounting Against A Housing Bubble Bust

pete — Thu, 09 Feb 2006 13:00:00 GMT

I sold my house and acre of land here in las vegas last july. I hope i hit the top of the cycle. I definitely am going to wait as long as i can to relocate. I already see a lot more 'For Sale' signs around here and prices don't seem to be moving much at all, especially for this boom town. If the bubble is deflating rapidly, i seriously doubt a realtor will let you know.

RE:Is Evidence Mounting Against A Housing Bubble Bust

Anonymous — Thu, 09 Feb 2006 13:00:00 GMT

Remember this? "The time has come to put this issue to rest...the nation’s home builders have said it, the Realtors have said it, and now Alan Greenspan has said it once again, in no uncertain terms: there is no such thing as a current or impending house price bubble." David Seiders, Chief Economist of the National Association of Homebuilders, July 2002 Trusting the forecasts of realtors and economists is like trusting stockbrokers who say it's always a good time to buy stocks.