posted
Make no mistake about it. The real estate bubble is going to pop and it is going to send many markets in a spin. You do not want to be caught with your pants down when this comes. Beware! Now for some stats. feel free to add your own
For 40 years, home prices rose about 1% above inflation. Since 1995, real estate has been soaring 35 points above inflation. Americans owe twice as much as 10 years ago, at 7 trillion. With Fannie Mae's execs being caught cooking the books as well. When this crash hits, your $120,000 home will be worth maybe $60,000 to $70,000. Whatever goes up must come down, just like the dot com bubble, only much worse. With greenspan raising interest rates, ARM (adjustible rate mortgages) will throw many folks out of their homes and disqualify many others from owning a home. Shoot! They're already telling us we can buy with no money down. Can you see the writing on the wall brother? Can you see their desperation. NO money down. In the nation's hottest real estate market, Las Vegas, the number of unsold homes rose 1000% in just a few months. prices went flat almost overnight. It takes twice as long to sell a house in california as it did a year ago. In 2001, only about 1 out of 10 home buyers needed an ARM. LAst year more than 1 out of 3 were an ARM. When Greenspan raises them interest rates, along with crazy gas prices and the dollar decline, do you think we're in for rosy economic times. Have you been listening to Lou Dobbs on CNN and the growing trade deficit with China he talks so much about. Wake up O Sleeper! And get your financial house in order. No doubt, we will see the rise of gold to $500 by December and gas and oil will continue to soar. Your fed paper dollar is a joke! Anyone want subtract from this, feel free you false economic prophets! The real estate crash is coming. Be ready!
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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posted
I will not comment on your post point by point, but will say this, you are right my friend, only problem is I'm afraid your words fall upon deft ears. Get your own financial house in order and let the rest learn.
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
I agree to a point that real estate is over priced in many parts of the country, But here in the Mid west i can still aford to buy a house,Yes for $43,000 you too can own a 3 bedroom 1200 sq ft rancher.But wait if your right weatherbill and there is a bubble then maybe next spring i can buy the same house for $30k instead. Lets hope i can make enough profit from these stocks to pay cash outright ....
Posts: 181 | From: Quebec | Registered: Aug 2005
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posted
If you intend to make your money in the market that's fine, but you had better do it by the first in the year. I have a feeling the market's going to go south soon after the first year. Don't forget the heating bill this winter in Chicago.
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
the real estate bubble? it won't pop and crash, just stop inflating so much, and probly drift down, but just a little..
i do like gold for a 6 month plus hold... silver too...
the eldest baby boomers control the market for now...whatever they decide will be hot next, will be hot..if the housing market stalls, but doesn't crash? stocks should pick up, the problem there is nobody trusts the Street much these days, can't imagine why
.. lets see? 1945? they be 55 to 65 years old now.... better start investing ( for a 5- 10 year outlook)in nursing home and elder care soon
who makes depends?
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I agree with you Weather, the real estate market is due for a correction. I believe great majorities of people who disagree are biasing their opinion towards what they would like to see happen other then what is logical. Many homeowners are proud and would like to see the housing market climb forever. Right now the psychological trend along with interest rates is in the real estate market’s favor. I believe it will all change real soon. Only thing IMO saving the housing market right now IMO is gloomy economic indicators such as high oil prices driving the yields on long term bonds down. Long term bonds follow mortgage rates very closely. We just a pretty good earning quarter IMO. I believe many companies have repositioned themselves for growth and it will be reflected in the economy real soon. Once this crash starts it will create a new psychological trend.
Posts: 491 | From: laurel,md,usa | Registered: Feb 2000
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posted
I do know this. When the market does shift, and people cannot sustain their inflated morgage due to special financing, be ready! This will be a great opportunity for one to pick up their dream home at an under inflated cost. ie (lots of forclosures) and it is unfortunate for those who have not done their financial homework in life that has led to such dismay.
Posts: 769 | From: Hotizona | Registered: Aug 2005
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posted
I do agree with you all. My husband and I were just talking about it this morning. We live in Miami, FL and I tell you, the Real Estate Mkt here has gone crazy, prices so unreal. The cost on gasoline keeps on going up and up. The salary, well lets just say....it stinks. I do see alot of foreclosures etc. and certain areas at a stand still, without movement on home sales it gets rougher and rougher. No job growth. Its funny how the president says there's been job growth, but, not here, where its over populated and keeps on growing but job opportunities not growing.
Posts: 19 | From: miami | Registered: May 2005
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posted
I have been reading these posts over and over and over, I cannot believe what I read. Some say that will be no housing bubble burst, just a slight drop in the inflated prices, well I hope you're right, because if you're right and I'm wrong we'll all be okay, if I'm right and you're wrong, you'll think you went to Hell. One poster complains of no jobs, we don't manufacture anything in this country anymore, we are a service oriented society. We are a warehouse for the rest of the world, we are the consumer for every other nation that manufactures,what kind of jobs do you think we should or could create? Energy is skyhigh, with no end in sight, and it touches every other facet of our society. When it starts to go it will go like dominoes. How long will it take? That I cannot predict, I seriously doubt if it can last 15 more years, and by that I mean life as we know it. You are staring a depression in the eye like you've never known before. Most of the posters I am assuming are around 40 to 50 years old, you don't know what bad times are like, at least 90% of you don't. I know what it's like to be young, you don't know what it's like to be old. If there was ever a thing in this world I wanted to be proved wrong on, this is it. Good luck to everyone.
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
Newbie here, and yes Slim also I want to add that nobody mentioned that this is all mentioned in the bible towards end times, which we are I believe currently in. Anybody concur with me on this?
Posts: 4 | Registered: Aug 2005
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posted
Its supply and demand. As long as there are willing buyers the prices will continue to increase. Eventually I think where I live in California something has to give. Houses that arnt even that great are going for 500,000 dollars. Either people will start moving to other parts of the country,or multiple families will start living in one house(which ive started to see) or the economy will go downhill because people arnt making 5 times the income but houses in CA have gone up almost 500 percent in the last fifteen years. I think there will be a slight drop but I think the days of getting a nice house for 150,000 in CA are over.
Posts: 205 | From: ca | Registered: Aug 2005
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However much you want others to respect your religious views, you need to learn to respect theirs and this does not. Maybe you could try preaching somewhere it isn't inappropriate.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
I never disrespected anybody's views, i just simply wanted to know how and what people felt about these bible predictions coming true. that's it! Hell I'm not even that religious.It just intrigues me to know peoples views on the predictions that are materializing. I enjoy talking to people about it, as it is an interesting subject to me that's it. Sorry if it offended you but that's not what I'm after. I even enjoy talking to friends on the phone about it. How did you construe this as preaching?? That I'd like to know.
Posts: 4 | Registered: Aug 2005
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posted
Lately here in Maryland, I am seeing many street corners left and right decorated with 5 or more real estate for sale signs. Gee, that really looks promising. Really makes me believe the demand is just rocketing way above market supply. I think I will go out and buy as many houses as I can, because it is impossible to lose on real estate. NO risk what so ever. Even though if I only lost 10% on a 200k house I would be out 20K, but why mention that, that is impossible. Everyone buy immediately the population here is increasing faster than Chinas. The massive baby boomer population is buying up all the land. Also the polar ice caps are melting covering up the land left and right. Buy it while you can. You must also understand everyone in this country earns a six figure income so everyone will be able to continually afford excessively priced real estate. A crash is not possible because we also know much more about economics and markets than in the past, just like we did during the 2000 tech market bubble. Of course I am kidding.
Posts: 491 | From: laurel,md,usa | Registered: Feb 2000
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quote:Originally posted by Squekee: Newbie here, and yes Slim also I want to add that nobody mentioned that this is all mentioned in the bible towards end times, which we are I believe currently in. Anybody concur with me on this?
Okay, you're taking this a little too far now.
Posts: 798 | From: New Jersey | Registered: Jan 2005
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quote:Originally posted by treemoney: Its supply and demand. As long as there are willing buyers the prices will continue to increase. Eventually I think where I live in California something has to give. Houses that arnt even that great are going for 500,000 dollars. Either people will start moving to other parts of the country,or multiple families will start living in one house(which ive started to see) or the economy will go downhill because people arnt making 5 times the income but houses in CA have gone up almost 500 percent in the last fifteen years. I think there will be a slight drop but I think the days of getting a nice house for 150,000 in CA are over.
I agree. A slight drop in price, but nothing major. We'll see though.
Posts: 798 | From: New Jersey | Registered: Jan 2005
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posted
It all depends what part of the country you're from. In Florida the prices have have skyrocketed and will continue to do so for several more years. The reason why Florida is a little different than most of the states is, because you're buying a piece of paradise when you move to FL. CLIMATE, CLIMATE, CLIMATE that's why the market will keep on going up in FL.
The people that move to FL already have money they move here because they can't stand all the rain,freezing cold,ice well you guys get the picture.Where else can you plan a golf outing three months in advance and not have to worry wether or not the weather will cooporate because 99% of the time the weather always cooperates in Floria.
Posts: 517 | From: jupiter, florida, usa | Registered: Apr 2004
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posted
It all depends what part of the country you're from. In Florida the prices have have skyrocketed and will continue to do so for several more years. The reason why Florida is a little different than most of the states is, because you're buying a piece of paradise when you move to FL. CLIMATE, CLIMATE, CLIMATE that's why the market will keep on going up in FL.
The people that move to FL already have money they move here because they can't stand all the rain,freezing cold,ice well you guys get the picture.Where else can you plan a golf outing three months in advance and not have to worry wether or not the weather will cooporate because 99% of the time the weather always cooperates in Floria.
Posts: 517 | From: jupiter, florida, usa | Registered: Apr 2004
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posted
I agree, Florida has really been building up and it is a nice place to live. I also agree many contributors to the appreciation or depreciation of real estate are local. I hear location, location, location all the time, but it must be realized that we just saw a real estate boom across the nation that was fueled by a major non-local (nation wide) factor. Excessively low interest rates. Take the stock market for example; have you ever heard the statement along the lines "ships rise with the tide"? This example is comparable to a non-local factor. An example of a local factor compared to the real estate market would be a factor that only affects a specific stock or a specific sector of stocks. An example of this could be a new patent, winning a lawsuit, or finalizing some sort of significant merger or acquisition. The economy seems to have always surprised us and I believe it will continue to do so.
Posts: 491 | From: laurel,md,usa | Registered: Feb 2000
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posted
Pennies to dollars,please take it easy on Squekee, he is probably a young man all fired up. I'm not offended by his posts, and I am an agnostic. Anyway with age wisdom comes, he enjoys being in on the debate, as I'm quite sure we all do. I thoroughly enjoy reading all the posts, so keep up the good work gives me something to do.
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
that is funny, though: "He11, I'm not even religious."
Property values going up here in Texas, but we're not on the so-called "bubble" like the coasts. Our bigger problem? Lots of housing/apartment starts & completions--but no new traffic improvements to help folks move around...
posted
Gotta excuse Tex. He's been up here in north central Texas so long (and probably without a vacation) that he forgets we too are on the coast. To tell the truth, up here, we hardly ever know what goes on in Beaumont or Brownsville or anywhere between and they aren't too sure about us. But he's right, lots of new houses, no new roads.
Posts: 11304 | From: Fort Worth, Texas | Registered: Mar 2005
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posted
Buytex....I said Hell I'm not even "THAT" religious, meaning I do believe in god but I don't go around stuffing it down peoples throats. I keep my beliefs to myself and sometimes like to inquire about other peoples beliefs simply because I love to hear different opinions and enjoy a good conversation, That's about it. I'm intrigued by things that I can't physically see I guess. Anyway, you won't hear anymore religious talk from me. Have a nice evening!
Posts: 4 | Registered: Aug 2005
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posted
Squeke, sorry if I quoted out of context. I just thought it was funny the way you phrased it...But hey if you like to discuss stuff, plenty of "off topic" threads pop up, and if you don't see one interesting? It's easy to start one...
quote:Originally posted by glassman: the real estate bubble? it won't pop and crash, just stop inflating so much, and probly drift down, but just a little..
i do like gold for a 6 month plus hold... silver too...
the eldest baby boomers control the market for now...whatever they decide will be hot next, will be hot..if the housing market stalls, but doesn't crash? stocks should pick up, the problem there is nobody trusts the Street much these days, can't imagine why
.. lets see? 1945? they be 55 to 65 years old now.... better start investing ( for a 5- 10 year outlook)in nursing home and elder care soon
who makes depends?
gold is going up
there is a realestate bubble popping right now after all.....
prices are dropping in hurricane risk areas....
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Prices still high in my neighborhood, hoping they ride the peak here for a bit and take less of a fall, got a city train coming in.
Glass,
I know your a big gold fan currently, I on the other hand recently (couple months ago) flipped my euros into dollars for nice bank and will flip them back in a few years hopefully.
Gold and Dollar both going up, my guess is gold is wrong but that is from charts. I haven't worked the whole inflation/recession debate out.
I know they both don't run at the same time. You still loading gold here at highs?
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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posted
they say that property is becoming a hot commodity in the south, and records have show that after disaters occur, property values sharply increase! (i.e. new york, maimi, san francisco, japan)
Posts: 75 | From: Las Vegas, NV | Registered: Sep 2005
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posted
will be a good time to get some good deals when it pops and like i have been saying it won't be too long now. i am ready.
Posts: 149 | Registered: Apr 2005
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posted
Hey, maybe some land in south louisiana is going really cheap....wonder what it is per acre for some rural land out there.... That would be a good winter home half the year
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December Posts: 525 | From: nashville | Registered: Jun 2005
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posted
rising material costs drives realestate upward also the growing population has merit to bring prices higher. I dont think the hot markets will keep jumping up but a trickle effect should come from surrounding areas to catch up the rest.
Posts: 361 | Registered: Jan 2004
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