The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

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 : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: anachronist who wrote (38241)	8/9/2005 5:14:46 PM
From: mishedlo	Read Replies (2) of 110194

OK I accept 60% in the bubble areas. What of non bubble areas? My house if it was in CA (if one could find such a thing would probaly 2 million or so. 4 million? who knows). Here is is not even a third of that lower figure. OK is the desirability of CA that greater than here? Perhaps it is (or was at the margin). If my house doubled in the last three years it would be long gone. I doubt it has gone up 15%. If I gave back that 10-15% and another 10% on top of it, I would just assume not bother moving. Now if I was for some reason at some point forced to sell at some point then declines could easily exceed that giveback. I do not anticipate being forced to sell. Then again no one ever does. I think the giveback here will be 10-25% here and in the bubble areas 40-60% with condos most assuredly at the top end of the range. In general I expect a long slow decline intereupted by a few sharp declines and a couple of false small rises. At the bottom there will be no talk of buying investment properties or second homes. Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next