evergreen16's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/148392/comments http://seekingalpha.com/article/173063-china-housing-market-it-s-2005-all-over-again?source=feed#comment-758924 758924 You sound like a real communist Realtor in China. Talk about affordability - at up to $2 per hour average wage - people are to buy a condo in the communist style concrete cage for $300,000 and put up 50% down?
If you are not a Realtor there, you are insane.


On Nov 13 03:22 AM James Lewis wrote:

> No housing bubble, cost is at fair value.
>
> The hot money flows that will come into China over the next 3 months
> will take propertyt up another 10-15%. Anymore than that then we
> can say property is above fair value. Not a bubble..
>
> Certainly not a bubble, certainly not like USA real estate. In the
> USA no one would even dream of putting down large downpayment. Here
> in China downpayment average is around 40-50%. Property would have
> to drop in excess of 50% for people to be in negative equity and
> start foreclosure avalanche. Also it is now clear China is the second
> richest, second most powerful country in the world. Fundamentally
> prices are fully illustrative of this reality.
>
> I wish people would stop shouting bubble.]]> Fri, 13 Nov 2009 12:37:03 -0500 You sound like a real communist Realtor in China. Talk about affordability - at up to $2 per hour average wage - people are to buy a condo in the communist style concrete cage for $300,000 and put up 50% down?
If you are not a Realtor there, you are insane.


On Nov 13 03:22 AM James Lewis wrote:

> No housing bubble, cost is at fair value.
>
> The hot money flows that will come into China over the next 3 months
> will take propertyt up another 10-15%. Anymore than that then we
> can say property is above fair value. Not a bubble..
>
> Certainly not a bubble, certainly not like USA real estate. In the
> USA no one would even dream of putting down large downpayment. Here
> in China downpayment average is around 40-50%. Property would have
> to drop in excess of 50% for people to be in negative equity and
> start foreclosure avalanche. Also it is now clear China is the second
> richest, second most powerful country in the world. Fundamentally
> prices are fully illustrative of this reality.
>
> I wish people would stop shouting bubble.]]> http://seekingalpha.com/article/164173-rail-transport-why-can-t-we-learn-from-europeans?source=feed#comment-698756 698756 As redicules as that sounds, the worst thing is that the train is so slow, that it's slower than a bus on a rush hour today. Don't even ask about the price tag.
While in Europe, I see metro system connecting every part of the city any where you want to go, not just downtown like in US. Every year they extend the rails to many other parts of the city at fraction of the cost in US.
Something is very wrong here.
This of course is a huge disadvantage for US. Terrible transportation options leave us the only choice to sit in the traffic and polute like there is no tomorrow.
We need to stop and think.]]> Thu, 01 Oct 2009 14:00:08 -0400 As redicules as that sounds, the worst thing is that the train is so slow, that it's slower than a bus on a rush hour today. Don't even ask about the price tag.
While in Europe, I see metro system connecting every part of the city any where you want to go, not just downtown like in US. Every year they extend the rails to many other parts of the city at fraction of the cost in US.
Something is very wrong here.
This of course is a huge disadvantage for US. Terrible transportation options leave us the only choice to sit in the traffic and polute like there is no tomorrow.
We need to stop and think.]]> http://seekingalpha.com/article/163000-chinese-housing-datapoint-of-the-day?source=feed#comment-689245 689245 Thu, 24 Sep 2009 12:03:40 -0400 http://seekingalpha.com/article/154191-shiller-on-housing-speculators-if-you-can-t-beat-em-join-em?source=feed#comment-618208 618208 Thu, 06 Aug 2009 12:36:00 -0400 http://seekingalpha.com/article/145438-housing-bust-some-markets-steadying-as-others-increasingly-suffer?source=feed#comment-563868 563868 The RE volume is up, because most units are snatched at 10-40% of the price? Where did you come up with that? 10-40% discount would be more realistic. What you are suggesting is, that prices didn't drop at all, but only because of some flippers that get their RE for a song, the averages look low...

So if you have nothing better to do, than to scare others and create panic so you can profit from it, at least, try a little and get your facts straight.

Thanks for nothing.





On Jun 25 04:48 PM Mad Hedge Fund Trader wrote:

> With the emphasis on suffering. Since I have been pelted daily with
> predictions that residential real estate has bottomed for the last
> 18 months, like hail in a Midwestern summer thunderstorm, I feel
> a public duty to tell you that is just not the case. Now that the
> state and federal moratoriums are off, foreclosures are accelerating.
> There are over a million Option ARM and Alt-A loan resets about to
> hit the fan. Since many owners will not see positive equity in their
> homes in their lifetimes, banks are seeing more walk always. The
> run up in mortgage rates from 4.5% to 5.5% has yet to hit the market.
> Some 18 million homeowners divert 50% of their incomes to pay for
> housing, double the 25% that is considered healthy, and many of them
> are losing jobs. While the volume of units sold has rebounded, the
> action is dominated by speculators, flippers, and bottom feeders
> bidding for properties at 10-40 cents on the dollar, not exactly
> a sign of health. Call me when Ozzie & Harriet Nelson come back
> to the market. I listen to industry insiders call the bottom of the
> Japanese real estate market for 15 years, until they finally died,
> and the market is still a fraction of its 1990 high. I thing we are
> closer to the bottom than the top in terms of price, but closer to
> the top than the bottom in terms of time. You can take that to the
> bank.]]> Fri, 26 Jun 2009 13:29:43 -0400 The RE volume is up, because most units are snatched at 10-40% of the price? Where did you come up with that? 10-40% discount would be more realistic. What you are suggesting is, that prices didn't drop at all, but only because of some flippers that get their RE for a song, the averages look low...

So if you have nothing better to do, than to scare others and create panic so you can profit from it, at least, try a little and get your facts straight.

Thanks for nothing.





On Jun 25 04:48 PM Mad Hedge Fund Trader wrote:

> With the emphasis on suffering. Since I have been pelted daily with
> predictions that residential real estate has bottomed for the last
> 18 months, like hail in a Midwestern summer thunderstorm, I feel
> a public duty to tell you that is just not the case. Now that the
> state and federal moratoriums are off, foreclosures are accelerating.
> There are over a million Option ARM and Alt-A loan resets about to
> hit the fan. Since many owners will not see positive equity in their
> homes in their lifetimes, banks are seeing more walk always. The
> run up in mortgage rates from 4.5% to 5.5% has yet to hit the market.
> Some 18 million homeowners divert 50% of their incomes to pay for
> housing, double the 25% that is considered healthy, and many of them
> are losing jobs. While the volume of units sold has rebounded, the
> action is dominated by speculators, flippers, and bottom feeders
> bidding for properties at 10-40 cents on the dollar, not exactly
> a sign of health. Call me when Ozzie & Harriet Nelson come back
> to the market. I listen to industry insiders call the bottom of the
> Japanese real estate market for 15 years, until they finally died,
> and the market is still a fraction of its 1990 high. I thing we are
> closer to the bottom than the top in terms of price, but closer to
> the top than the bottom in terms of time. You can take that to the
> bank.]]> http://seekingalpha.com/article/144596-housing-is-bottoming-along-with-the-economy?source=feed#comment-559239 559239 Get over it, brother. Your view out of the window may be desolate, but if you have no idea what's going on in the entire country, please, do not disturb when adults are talking.]]> Tue, 23 Jun 2009 13:58:34 -0400 Get over it, brother. Your view out of the window may be desolate, but if you have no idea what's going on in the entire country, please, do not disturb when adults are talking.]]> http://seekingalpha.com/article/141778-behavioral-thoughts-on-home-buying?source=feed#comment-537294 537294 Are they just bored high-school kids that just have fun firing back at peple without the ability to understand the subject at hand?
It's funny how they think they are the smartest, untill they eventually grow up and realize they were dead-wrong.]]> Mon, 08 Jun 2009 12:32:30 -0400 Are they just bored high-school kids that just have fun firing back at peple without the ability to understand the subject at hand?
It's funny how they think they are the smartest, untill they eventually grow up and realize they were dead-wrong.]]> http://seekingalpha.com/article/139746-a-tale-of-two-economies-u-s-vs-china?source=feed#comment-519743 519743 Good luck with controlling your rage and try to get some sleep at night...]]> Wed, 27 May 2009 12:33:31 -0400 Good luck with controlling your rage and try to get some sleep at night...]]> http://seekingalpha.com/article/134403-las-vegas-homeowners-lose-their-bets-as-home-prices-fall?source=feed#comment-485771 485771 Fri, 01 May 2009 12:45:11 -0400 http://seekingalpha.com/article/134231-real-estate-rentals-and-sales-prices-out-of-sync?source=feed#comment-484216 484216 Now, in reality, the drop is already more than these 21%, and prices have returned below 2003 levels. Looks like it's time to come up with some new charts! Because if you correct the House price curve, it will show you, that rents are already higher? Why don't you take it home as an assignment and show us some real data where rents stand!]]> Thu, 30 Apr 2009 12:29:58 -0400 Now, in reality, the drop is already more than these 21%, and prices have returned below 2003 levels. Looks like it's time to come up with some new charts! Because if you correct the House price curve, it will show you, that rents are already higher? Why don't you take it home as an assignment and show us some real data where rents stand!]]> http://seekingalpha.com/article/133689-home-prices-still-dropping-just-not-as-fast?source=feed#comment-482802 482802 This is why those few that go against the chatter, become ultra rich and the rest got nothing.
And by the way, as you said, when economical activity increases, so will interest rates. And if you didn't make the choice by then, you'll end up paying much more. Higher price + higher interest + you'll be competing with other people trying to affordable housing before it's too late, again. So good luck to you all!]]> Wed, 29 Apr 2009 13:01:33 -0400 This is why those few that go against the chatter, become ultra rich and the rest got nothing.
And by the way, as you said, when economical activity increases, so will interest rates. And if you didn't make the choice by then, you'll end up paying much more. Higher price + higher interest + you'll be competing with other people trying to affordable housing before it's too late, again. So good luck to you all!]]> http://seekingalpha.com/article/133835-case-shiller-spinning-a-downward-spiral?source=feed#comment-482761 482761 Wed, 29 Apr 2009 12:37:50 -0400 http://seekingalpha.com/article/133530-housing-the-ship-is-turning?source=feed#comment-481062 481062 Tue, 28 Apr 2009 12:23:07 -0400 http://seekingalpha.com/article/127325-top-ten-online-real-estate-websites?source=feed#comment-436780 436780 Mon, 23 Mar 2009 12:29:04 -0400 http://seekingalpha.com/article/126805-as-mortgage-rates-plunge-30-year-fixed-rate-of-3-5-seems-likely?source=feed#comment-432426 432426 Thu, 19 Mar 2009 12:32:52 -0400 http://seekingalpha.com/article/122749-the-truth-about-mortgages?source=feed#comment-404710 404710 In addition, a lot of people took advantage of Less-then-interest financing, so they were already paying less then rent on their house.
And finally, after they stopped making payments, they could stay in their house for around 1 year for free!
That is still not the end for some, as a lot of people take whatever valuable on the house with them, like copper pipes, cabinets, facets, appliances, carpeting etc.
So add it up and you'll see that a lot of these folks actually made nice fortune...]]> Thu, 26 Feb 2009 13:00:03 -0500 In addition, a lot of people took advantage of Less-then-interest financing, so they were already paying less then rent on their house.
And finally, after they stopped making payments, they could stay in their house for around 1 year for free!
That is still not the end for some, as a lot of people take whatever valuable on the house with them, like copper pipes, cabinets, facets, appliances, carpeting etc.
So add it up and you'll see that a lot of these folks actually made nice fortune...]]> http://seekingalpha.com/article/108182-30-year-fixed-mortgage-rate-chart?source=feed#comment-318230 318230 Mon, 01 Dec 2008 12:45:11 -0500 http://seekingalpha.com/article/106698-median-housing-prices-poised-to-fall-back-below-200k?source=feed#comment-310373 310373 Every once in a while, people's thinking and living standards change. And quite noticeably, in the 21st century. You don't find empty box with 4 windows and two bedrooms anymore. People want large houses with 3 car garages and a basement and a room for everybody. Now, you don't have to be an expert economist like yourself to realize, that cost some money. So we are no longer comparing the same things. In a parts of the country you will find properties below the cost of replacement.
The problem, as you missed in your article, is no the price, it's the money supply. Try to get a loan...
Anyway, dropping price is not a solution, only adding to the problem. 10% of the households are underwater now, and imagine the much higher number of people if the price declines another 10%. People do need to move for work, that is the standard in the global economy. And if all the current sellers loose all their equity - they'll have no money to buy next house, no matter what the price. So while lower prices may seem like a nice idea, you might just get more than you bargained for.
Happy house hunting!]]> Wed, 19 Nov 2008 19:14:24 -0500 Every once in a while, people's thinking and living standards change. And quite noticeably, in the 21st century. You don't find empty box with 4 windows and two bedrooms anymore. People want large houses with 3 car garages and a basement and a room for everybody. Now, you don't have to be an expert economist like yourself to realize, that cost some money. So we are no longer comparing the same things. In a parts of the country you will find properties below the cost of replacement.
The problem, as you missed in your article, is no the price, it's the money supply. Try to get a loan...
Anyway, dropping price is not a solution, only adding to the problem. 10% of the households are underwater now, and imagine the much higher number of people if the price declines another 10%. People do need to move for work, that is the standard in the global economy. And if all the current sellers loose all their equity - they'll have no money to buy next house, no matter what the price. So while lower prices may seem like a nice idea, you might just get more than you bargained for.
Happy house hunting!]]> http://seekingalpha.com/article/105441-trump-to-lenders-you-re-sued?source=feed#comment-304193 304193 Wed, 12 Nov 2008 12:41:57 -0500 http://seekingalpha.com/article/94321-manhattan-real-estate-is-teetering-barron-s?source=feed#comment-248737 248737 Great Job.]]> Mon, 08 Sep 2008 16:58:39 -0400 Great Job.]]> http://seekingalpha.com/article/94206-home-inventories-soaring-not-exactly?source=feed#comment-248721 248721 Mon, 08 Sep 2008 16:39:23 -0400 http://seekingalpha.com/article/86712-this-can-t-be-helping-real-estate?source=feed#comment-213495 213495 Thu, 24 Jul 2008 12:40:51 -0400 http://seekingalpha.com/article/82623-the-current-market-atmosphere-easy-money-hard-to-come-by?source=feed#comment-192712 192712 I think we need look around and learn from others, as America has a great potential!]]> Wed, 25 Jun 2008 13:31:54 -0400 I think we need look around and learn from others, as America has a great potential!]]> http://seekingalpha.com/article/71885-the-two-housing-crises?source=feed#comment-149046 149046 Now, for the rest of us, let's enjoy our freedom and the power of free market!]]> Fri, 11 Apr 2008 12:28:43 -0400 Now, for the rest of us, let's enjoy our freedom and the power of free market!]]> http://seekingalpha.com/article/71940-the-folly-in-calling-a-housing-market-bottom?source=feed#comment-149040 149040 Nobody wants to return to '03 or '04 and relive the past again. Time travel concept is dead. Sorry to break it to you like this.
The boom started few months into 2004 and the prices are expected to reach those levels of 2004 again, as that is considered the normal. Growing trend will most likely not occur for several years, however stabilization is already starting to appear here and there.
We are now back to basics - in areas, where there is work, prices will hold, whereas areas with vacation or investment properties are forgotten.]]> Fri, 11 Apr 2008 12:17:40 -0400 Nobody wants to return to '03 or '04 and relive the past again. Time travel concept is dead. Sorry to break it to you like this.
The boom started few months into 2004 and the prices are expected to reach those levels of 2004 again, as that is considered the normal. Growing trend will most likely not occur for several years, however stabilization is already starting to appear here and there.
We are now back to basics - in areas, where there is work, prices will hold, whereas areas with vacation or investment properties are forgotten.]]>