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Topic:
February Pending Home Sales
[Locked] |
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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-Espiritu- posted:
http://www.businessinsider.com/shiller-real-chance-of-japan-like-housing-slump-2012-3
suburban housing will not rebound in our lifetime.
That seems a bit too pessimistic to me, but I imagine it will take several years. Unless you mean rebound to (artificially inflated) 2004 prices, which may take a lot longer. But the charge into rentals seems like part of the housing cycle rather than a departure from it.
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I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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-Espiritu- posted:
http://www.businessinsider.com/shiller-real-chance-of-japan-like-housing-slump-2012-3
suburban housing will not rebound in our lifetime.
It probably won't in my parents' lifetimes. They're in their 60's.
I doubt we'll see even significant price action in most zip codes for another 5 years.
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In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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cabbyman
Posts: 441
Registered: 2003-1-6 07:48:53
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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Thanks a lot Obama!
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“No man’s life, liberty, or property are safe while the Legislature is in session.â€
"Life's tough. It's tougher if you're stupid." -- John Wayne
“If there must be trouble, let it be in my day, that my child may have peace†- Thomas Paine
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Abaddon_Ambrosius
Title: Retired Theurgist TL
Posts: 1,674
Registered: 2001-12-21 09:51:39
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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theredkay1 posted:
My understanding of monetary policy is downright comical.
We know. You don't have to repeatedly prove it.
-----signature-----
In the immortal words of Socrates - "I drank what?"
"God you guys suck at the internet - how can you fail to locate porn?!" - Eternal_Midnight
"Knowing means nothing." - Fat-badger
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Yukishiro1
Posts: 3,243
Registered: 2002-9-20 23:52:57
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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Black people and poor people started moving into the suburbs 5-10 years ago. So now rich people and white people are moving back into the cities. It's an apparently never ending cycle of American life.
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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I've seen the beginnings of a lot of plans involving new construction or renovation of apartment buildings / revitalization of downtown areas in the city and near suburbs. The developers are the same kinds of folks who were chasing the middle and the end of the single family home subdivision bubble and many of them will likely either not get funding to continue or will end up bankrupt (again). But in the meantime, there is an eruption in apartment desirability and demand. This should be good if it drives up the rents and those increased rents make comparable mortgages more attractive, which should lead to a renewed interest in home ownership as the cycle continues.
-----signature-----
I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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Eager_Igraine posted:
-Espiritu- posted:
http://www.businessinsider.com/shiller-real-chance-of-japan-like-housing-slump-2012-3
suburban housing will not rebound in our lifetime.
That seems a bit too pessimistic to me, but I imagine it will take several years. Unless you mean rebound to (artificially inflated) 2004 prices, which may take a lot longer. But the charge into rentals seems like part of the housing cycle rather than a departure from it.
If incomes from 2010 to 2020 do the same thing that incomes did from 2000 to 2010, then Robert Shiller is correct. Right now there is absolutely no reason for house prices to rebound.
-----signature-----
It is no measure of health to be well adjusted
to a profoundly sick society. - Jiddu Krishnamurti
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theredkay1
Posts: 611
Registered: 2008-5-16 10:37:09
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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Abaddon_Ambrosius posted:
theredkay1 posted:
My understanding of monetary policy is downright comical.
We know. You don't have to repeatedly prove it.
NOU!
The stick up your butt must be massive. And Im sure you think very highly of it. 
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Sansfear
Posts: 757
Registered: 2008-8-31 05:04:52
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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If you want some glimmers of hope, the housing market in Arizona is showing signs of recovery. We were among the first and worst hit by the collapse, along with Nevada, so it isn't surprising that we may start recovering sooner than other places.
If you put a decent house on the market right now, you're going to have multiple offers almost immediately. Inventories are significantly lower right now and it is turning into a seller's market.
We do still have a lot of abandoned and/or foreclosed homes that aren't going anywhere, but regular sales and new sales are picking up.
I've been waiting for the market to bottom out myself and will be buying a house within the next year.
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Date Posted:
1/1/00 12:00am
Subject:
February Pending Home Sales
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Places like Nevada scare me, and possibly its just ignorance, but how's that water supply going and how long will it last? I'm glad to know the market seems to be recovering there though, the horror stories were pretty bad a few years ago.
-----signature-----
I radiate more heat than light.
I know what you're trying to do but you're just sailing another failboat over the falls. - imaloon1
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