mrresponsible

Case-Shiller Still Predicts Massive 45% Fall from Today’s Values

Having been in the rental business for over 35 years and watching the market closely in Denver, I see people moving in with family and friends - rents are going down here even though Denver is in a much better position than other cities. I can tell you that expenses are going up on rental properties while the income is declining and anyone who purchased properties in the last 8 years with less than 30% down are dragging cash out of their pockets to keep things going. A huge factor is our society has declined and many renters do not respect the property and does not pay have decent credit.


On Nov 26 08:31 AM bartpr wrote:

> you cant take a trend that developed in 89 to 97 and then superimpose
> it on the current market. there is no basis for this in economics
> or math. the only trend that is visible here is continued volatility.
> who knows where this all ends
>
> to davewmart. when all these buyers mail back their keys where will
> they then go. i bet for those who can make payments it is cheaper
> to stay than try and find the same dwelling and then lose their credit
> standing.

Housing Data: A View From the Bottom of the Cliff

I find your article realistic. And the fact that you do not have any positions in the housing market makes you even more credible.
And, I do believe that uncertainty is the next sequential step in the progress from bad news to good news. I would say we are in an uncertain market at this point in time.

It is likely that by the time the housing glut is diminished, the markets would have already gone up as we are already seeing. The IMF defines our economy as in a sychronized recession with at least 10 (including the U.S.) of the major economies of the world together in a recession. Their research shows that it will be a very difficult recession and the recovery will be weak - one can easily imagine U.S. housing modeling that theory.

Don't Buy Into Share Buybacks

It is one thing if the company's board voteing to buy back stock but what if insiders and employees are purchasing the stock?

Thanks for any comments.