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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (278800)3/7/2006 9:18:35 AM
From: Road Walker  Respond to of 1572369
 
re: A few years in the future in many places.

I've been through a few and it's a pretty long cycle. I would guess, because of the length and strength of the up cycle, a MINIMUM of five years. Probably closer to ten.

John



To: bentway who wrote (278800)3/9/2006 1:17:24 PM
From: tejek  Read Replies (1) | Respond to of 1572369
 
The inventory is going to build, and build and build, and the few buyers are going to know they have the sellers by the balls."

What eventually happens is it gets to the point that the common knowledge is that residential RE is a bad investment that will lose you money because of the continued depreciation. Then, only people who are newbies and clueless and the people that have to buy for some reason will be buying. Big inventories will be the rule and the bottom will have arrived. A few years in the future in many places.


Actually, what it does is take the speculators out of the mix, forcing the housing market back to market conditions where normal supply and demand are the key factors.

Having said that, the Seattle market is starting to heat up much to my dismay [I want to buy in this year]. Good job growth and Californians with lots of equity are fueling the demand.