ST Alpha - "I think the housing market has very little room left to fall, really. hyde, aren't prices about inline with historical home price inflation now? -- nm" (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 158

I think the housing market has very little room left to fall, really. hyde, aren't prices about inline with historical home price inflation now? -- nm

Posted by the year of the ox loves mandy lane (aka amanda) Jan 22 '09, 10:33

(No message)

Responses:

Regional is absolutely right. In my neck of the woods, the increase was more gradual so home owners think they're safe. - Mop Jan 22, 10:40
it's very regional, but nationwide supply levels are still pretty high imo, even with housing starts cratering. there's a lot of inventory to.... - x Jan 22, 10:38 9
- Yeah, the National Association of Home Builders puts the excess inventory at 1.5M homes (nm) - Brian Jan 22, 10:50
- my point is that if you wait too long for the bottom, you'll certainly miss it. I would rather lose on this side, I think. - the year of the ox loves mandy lane Jan 22, 10:45 7
  - i thought you were asking broadly if i thought there was still room for downside. i don't have any input on what people do with their own money...nm - x Jan 22, 10:51 2
    - oh I'm so sorry. I didn't mean to imply that at all. I'm not asking for advice. I've pretty well made up my mind. - the year of the ox loves mandy lane Jan 22, 10:55 1
      - no, it's cool. i just try and stay clear of the "it's a good time to buy" or "it's a terrible time to buy" stuff i see here a lot... - x Jan 22, 11:01
  - That's very risky. There's a lot of down side and very little up side. - Mop Jan 22, 10:48 2
    - In real estate, there's always an upside. It's just a matter of how long it takes. -- nm - Max Jan 22, 10:55
    - I don't have a family for whom I need to be risk averse. I can absorb that risk. - the year of the ox loves mandy lane Jan 22, 10:49
  - bottom or not bottom doesn't matter when it's still out of your range. (not you, me) -- nm - loosilu Jan 22, 10:46
I'm waiting for Obama and hyde to tell me when to buy. -- nm - JaxSean Jan 22, 10:35 2
- i never tell anyone to buy anything...nm - x Jan 22, 10:39 1
  - No. Tell me! Tell me! -- nm - JaxSean Jan 22, 10:40
I think it depends on the area. still too high here, IMO. -- nm - loosilu Jan 22, 10:34 7
- I agree. I think the (formerly) hot/overpriced markets still have a ways to go. -- nm - TaurusII Jan 22, 10:37 6
  - I think DC and LA and SF were the worst. I think FL is close to bottom, but the rest still have room to fall. -- nm - the year of the ox loves mandy lane Jan 22, 10:46 1
    - DC has about 15% left to go if it does at all. It'll hit pass the bottom before summer next year. -- nm - Max Jan 22, 10:59
  - heck, in my neighborhood the foreclosures are still rolling in. -- nm - loosilu Jan 22, 10:38 3
    - According to this website, in my city there are 672 homes for sale, 228 of which are foreclosures. -- (link) - loosilu Jan 22, 10:44 2
      - 534 here with only 4 foreclosures -- nm - CQ Jan 22, 10:49 1
        
        I'm not at all shocked at the rate of foreclosures here. So many people jumped in to things they could not afford. People I know, even. -- nm - loosilu Jan 22, 10:51

Post a message top

Replies are disabled on threads older than 7 days.