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

To: MulhollandDrive who wrote (168728)	12/3/2008 3:12:16 PM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

I agree. It is still too early for the real bargains. This is just more excess money that needs to be squeezed out of the system (and their bank accounts). When was the last homebuilder bankruptcy? When the people buying now run out of money the real deals will start showing up. Maybe in 2010 when the next large wave of ARM defaults starts up? Someone asked me the other day if now was a good time to buy. Told them I wasn't sure but next spring would probably be the last good time to sell for awhile. Save 2% on a loan over 30 years but lose 10% in principal? Sounds like a plan!

To: MulhollandDrive who wrote (168728)	12/3/2008 3:45:27 PM
From: tejek	Read Replies (1) \| Respond to of 306849

no way will there be another bubble in housing Watch. It will be CA's 4th bubble. Californians are old pros at this.....same with NYC buyers. Floridians are learning. the 'bargain hunters' are just setting us up for the next big wave of defaults These are investors with deep pockets.....not the lower middle class. They will rent the houses out until the market comes back. Rents are going up in many markets.

To: MulhollandDrive who wrote (168728)	12/4/2008 8:26:16 AM
From: DebtBomb	Read Replies (4) \| Respond to of 306849

He's insane....another housing bubble, LOL....where would the buyers come from? Mars? We're entering a baby boomer spending wave collapse....78 million of us. There are millions of empty houses sitting all around the country. They had built 2 million new houses per year for years, for only 1 million new households per year. Last week the hypers infested this forum with X-mas sale hype. This week....4.5% mortgage hype....sorry....I just have to put them on ignore. Take mortgage rates to 1-2% fixed....then we're talking.