Sean in CA

China Housing Market: It's 2005 All Over Again

It's the Chinese housing market, right? The houses aren't made of China.

Housing Starts Flatline

"an" excess supply.


On Oct 21 09:34 AM Living4Dividends wrote:

> "Somehow, just throwing money at the bursting housing bubble doesn't
> seem to be fixing it."
>
> Yet, the Government continues to do just that.
>
> Housing prices have been declining and their is clearly and excess
> supply of existing homes. Yet, through the FHA and oddly enough USDA
> (yes, US Dept of Agriculture), the Fed Govt continues to support
> new housing starts. This makes no sense.
>
> I say the Government recognize that the nation doesn't need to build
> any more new homes until demand catches up with supply. Remove all
> Govt subsidies (FHA and USDA cheap loans) to home builders. If someone
> wants to buy a NEW home, they will have to obtain their own private
> financing.
>
> The Govt should still maintain their subsidies for existing homes.
>
>
> This policy will encourage the purchase of existing homes.

Sacramento Property Market on the Rise

HAHA! Tim, do you get checks from individual real estate agencies, or just a big one from the NAR? And what color pom-poms do they issue? I'm just curious.

Southern California Home Prices Rise? Beware of 'Misleading Medians'

Or worse.


On Jun 19 10:57 AM nathanredondo wrote:

> Ah yes....The "rising home prices in Southern California" headlines
> that are now on the cover of every newspaper down here! I suppose
> every falling market needs a dead cat bounce!
>
> "As more sellers get realistic, more buyers get off the fence and
> more lenders offer reasonable terms for high-end purchase financing,
> we’ll see a more normal share of sales in the more established, higher-cost
> areas that have been nearly comatose."
>
> Ha- tell this to the idiots who built the poorly constructed 6 to
> a lot McMansion townhomes right next to us and are still trying to
> unload the at 2 million. This will bode really well after Barry and
> Nancy's lending scheme drives interest rates on a Jumbo to 9%...
>
> As someone who lives in an affluent zip code in southern california
> and has gotten to watch the real estate market flow with the speed
> of continental drift the last couple years, I can assure you, things
> are only going to get worst.

When Will Housing Prices Return to Previous Highs?

bla, bla, bla......

numbersusa.com


On Jun 12 11:07 PM OptimizedPrime wrote:

> @mlonz -- Great idea (most immigrants would spend $50k or more to
> come here and not even want a house in return), but most anti-immigrant
> sentiment is not economically motivated. Most of it is plain old-fashioned
> racism. The US seems go through anti-immigrant waves about once every
> 30 years or so. It started with those DAMN IRISH about 100+ years
> ago...
>
>
> OP

Housing Is Not Recovering - Surprise, Surprise

The bursting of the bubble and what we're experiencing right now IS the recovery. A recovery to sane, affordable pricing levels. Anyone defining a recovery as a return to bubble pricing levels is a fool. It will take generations for values to appreciate to '05 levels and by then a can of Coke will be $3.

Behavioral Thoughts on Home Buying

It's a "sellers market" now? If you're a drug dealer maybe.

Time to Buy Real Estate in California?

What, no graphs or cute little pie charts to support your claims? B.S. artist rule #1 is, always quote statistics and use visual aids!

Housing: Skip the Spin, Read the Data

yes, yes, yes, yes, but no.


On May 28 01:10 AM sickofthehype wrote:

> With the declines in prices and a 5% loan, or even a 6% loan, if
> you can't hack the payment you shouldn't be buying in the first place.
>
>
> Secondly - this year is UNREAL compared to last year. What rust
> belt city are you in?
>
> Third - volumes are UNREAL in many cities. What planet are you on?
>
>
> Finally, of course averages are down. It's the free market at work.
> And it's working in many places right now.
>
> Speaking of affordability, what do you think inflation will do to
> future rents for all of those renting vs buying? Rents will NOT
> be dropping.

Housing: 'We're About to Have a Big Problem'

If you're seeing bumps and getting excited, I recommend decaf.


On May 26 09:13 AM Tim Plaehn wrote:

> As most of the country and especially commenters on this site are
> married to the paradigm that home prices will continue to fall. What
> if prices start to increase? How will the mindset of buyers, homeowners,
> construction companies change? Will someone with good credit walk
> away from his home if he starts to see the value increasing? Will
> homebuilders start to add jobs if they can sell more homes? Will
> real estate and economic "experts" be proven wrong once again? With
> Uncle Sam and the state of California giving buyers up to $18,000
> to buy a home will sellers start to realize they can hold out for
> more money?
> Think about how things would change if prices started to increase.
> I have already seen bumps in median prices in diverse locations such
> as San Diego, Sacramento and on this site today, Northern Virginia.

Faux Demand for Foreclosed Homes

Amen to that! See the Modesto Bee for a (sub) prime example of printing whatever the R.E. agencies want.


On May 25 10:53 AM Buckoux wrote:

> Wall St. is not alone in the sub-prime crime. The dispersed American
> version of "Fleet Street" is just as guilty of cooking the numbers
> for their own profits. The Los Angeles Times, in the heyday of the
> real estate bubble, had thick and separate sections on "Real Estate"
> and "Business". The ad revenue must have been glorious. Now, the
> two sections are combined and the classifieds are four times thicker.
> "Bubbles" need a willing messenger to carry the bubble mania to the
> masses and for this the nations print and electronic media were more
> than willing to do. Banks aren't the only whores responsible for
> the spread or our current economic disease. The newspapers now have
> the economic clap, and they didn't get it from the Internet.

John Paulson: Time to Get Back into Real Estate?

hold that thought for a couple more years.


On May 21 06:17 AM capitalisthero.com wrote:

> Yes it is time to get into real estate buy purchasing a home with
> a low fixed 30 year mortgage. This is potentially a great hedge
> once double digit inflation hits.
>
> I crunch the numbers and explain more in my article.
> capitalisthero.com/Hed...

A Quasi-Boom in the Phoenix Housing Market

there will never be a rebound. just a descent to sanity.


On May 19 05:39 AM Kirill wrote:

> Good, thank God we are seeing signs of rebound!

Phoenix Housing Inventory Down

bouncing along... local markets being manipulated by banks and realtors holding properties off the market so as to restrict supply to try and force prices up. how many homes being rented out, owners just biding time to sell once they get their heads above water?

Housing Outlook: Real Estate Reality

Mark my words: 2005 prices* will NEVER even come close to being approached again.

*excluding S.F. Bay Area, NYC Metro and Shawnee, Oklahoma.