Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: piggington who wrote (35993)	7/14/2005 12:17:29 PM
From: John Vosilla	Respond to of 110194

"when will prices start dropping in a meaningful way? This is not the same as the party being over." Areas of most speculative behavior will have to drop first since those subdivisions have the most new inventory and the weakest hands, be it flippers or nonowner occupied investors. Until that has first corrected in a meaningful way the majority of bubble market America that is single family owner occupied homes will not crack.

To: piggington who wrote (35993)	7/14/2005 12:36:20 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

The crazies involved in this speculation are there to make fast bucks, not watch the paint dry, inventories pile up, sales slip, and their carrying costs ratchet higher. There will be more and more "stale money" folks at the margin testing an "exit strategy", and fewer and fewer looking to enter the casino. That's already evident. Think that's why you see the constant price reductions now. I count 104 downtown SD price reductions in just the last four weeks, and is anybody really buying? Not especially, 50 if you count the fall from escrows, and met a net ad of 19 listings to overall inventories. Las Vegas is similar. I'd love to track Miami now? Word will spread, and I'll bet you'll be one of the first to report it in real time, not as two month old news.

To: piggington who wrote (35993)	7/14/2005 3:02:26 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 110194

the party is not over until John Vosilla sells-g-

To: piggington who wrote (35993)	7/15/2005 1:02:14 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Beginning of the End of the Housing Bubble: wallstreetexaminer.com

To: piggington who wrote (35993)	7/27/2005 7:14:26 PM
From: russwinter	Respond to of 110194

Latest downtown San Diego continues pattern, 12 net new listings, 6.6% of all listings were price reduced, pending sales stagnant at 14, but no real fall from escrows (1). sdcondo.com

To: piggington who wrote (35993)	8/5/2005 6:02:42 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

Home Inventory Grows In San Diego thehousingbubble2.blogspot.com This link from Realty Times was posted in comments earlier today. "Market Conditions for San Diego, California, Reported by Bob Casagrand. Preliminary July numbers: Single family home inventory at the end of July stood at 13,638, up 1,252 units (10%)from June. Based on the July sales of 2,933, the days of inventory on hand are 144 days. July sales dropped by 1,197 units (29%) from June and by 1,149 units (28%) from July 2004." "Year to date sales for single family homes is 23,781, down from last years number of 25,605 by 1,824 units, or 7%. About 63% of this decline in demand occurred in July alone." "The impact on selling price with inventories staying at the current levels is unknown at this time. Even if August returns to August 04 levels, inventory will still be over 100 days, giving buyers plenty of choice."