SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : ahhaha's ahs
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ahhaha who wrote (1275)2/27/2001 2:03:38 PM
From: GraceZRead Replies (1) of 24758
 
My perceptions of the real estate market are formed by living in a part of the country where it has been a buyers market for almost a decade and only recently started to recover. Your's are formed by being in a part of the country where it's been a sellers market for the same decade and reading the stats.....whose experiences are valid? I know, I know you can't take micro to macro.

Now if you want we can apply it to the stock market. You say we entered a bear market some where in 1998. Most people would say that it started in March 2000. Why? Because people think that the market was these indexes and stocks that everyone owned and disregarded the bulk of the stocks whose prices didn't move for years. Real estate is the same, while certain locations are subject to the expectation of rising price, buy now at any cost phenomenon you describe. Other areas you have people that have given up hope of selling their house because they can't get enough money out of them to get into something else without going back to square one equity-wise. I know a number of these people.

The averages and median selling price are, of course, made up of those homes that sell and resell.....just like the stock market indexes. It masks the fact that large numbers of homes haven't and won't recover any time soon in large areas of the country. Even while five miles away people are building McMansions.

In Baltimore City we had a mayor that went on national TV stating that Baltimore had 40,000 houses in excess. They started a program to destroy these houses in order to shore up the market. This situation comes about from people voting with their feet and it doesn't have much to do with the price of money.

I hate to say it but we are like blind men talking about an elephant here and so are the statistics.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News