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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: SouthFloridaGuy who wrote (71221)	2/1/2007 10:08:11 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 306849

ROFLOL. "Discounted" $2 Million houses in my area don't rent for anywhere near $5K. Where can you find a house that rents for $5K and sells for $1 Million? Just curious ...

To: SouthFloridaGuy who wrote (71221)	2/1/2007 10:11:24 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

I don't think we are on the same wavelength. I don't see this as a housing market correction of any type. To me this is a change from a bull market to a bear market for housing. If that is the case it will take another 6 months for the guy on the street to realize it. Once the spring selling season data comes out it's all over.

To: SouthFloridaGuy who wrote (71221)	2/1/2007 10:12:09 PM
From: orkrious	Read Replies (1) \| Respond to of 306849

You don't get pervasive undervaluation in economically strong, land constricted areas where housing bubbles have manifested for the most part. hmmmm. Sounds like what they were probably saying in Japan circa 1982. Do I rent a house for $4,500 month or do I buy it throw in a bid at $1mm (formerly $1.3mm at the peak)? If the $1.0 mil house drops another 10 or even 20% over the next two years you'll be sorry you weren't renting.

To: SouthFloridaGuy who wrote (71221)	2/1/2007 10:44:55 PM
From: $Mogul	Respond to of 306849

The truth of the matter is that if you can buy a house at a fair value price, AND GET A FIXED RATE LOAN AT THESE RATES, you should do it, no questions asked because the government has a PhD in inflating. That is very true ane more then 60%(if not much higher) of new home purchases in the last four years were not locked up with a fixed rate mortgage when interest rates were at 35-40 year lows. Most are on some sort of adjustable. As rates rise I see a lot of property available as the squeeze is on! Only three-four trillion in rate resets over the next two years, no biggie:) Jobs falling and not rising, middle america getting way extended with no savings and buying homes with weak credit getting a monthly indexed adjustable. In the other hand is their new Capital One credit card (with loose credit they should not have) due the credit cars companies praying on anyone to get new assets on the balance sheet, on their way to Best buy to get a Plasma. Next stop Hummer dealeship! And yes you are also very right that US Gov't has historically inflated out of problems. It is a known and data driven fact. Double PHD!! Do you hear that? That is Big Ben in his Helicopter dropping US currency on you. Get a net, get a car, get a home..get a girl(oh wait you already have that, get two:)