mallarde

How Much More Will Housing Prices Decline?

Consider: where did the Nasdaq stablilize compared to its 2000 highs?

Admittedly, not a perfect analogy, but the housing market still must absorb the blow of not being a popular investment vehicle, like tech stocks. We have all these For Rent signs littering my neighborhood because "investors" bought extra condos -- not to live in, but to flip after holding for awhile. Since they can't sell them at break even, they rent them. Once all these "investors" leave the scene, the market will lose this source of capital.

Housing Data Shows Downturn Could Be Prolonged

A corollary to this article is that any money thrown at the housing market in an attempt to stop prices from declining further is wasted money.

I do not want my tax dollars wasted. It's like trying to stop an iceberg's movement. All that some of the relief plans would do is pay for a failed speculator's rent (mortgage) for another few months before he finally finds an apartment or a house he can afford.

I want no part of this.

Credit Suisse: Housing Bottom More Than a Year Away

How can no one mention our population explosion? Remember that whole supply-demand concept?

And what about dual income families? The newest generation of homebuyers is the first in which most women work and are often professionals earning comparable salaries. Once you have enough such dual income couples, the market has to adjust.

I hope Credit Suisse is correct, because I am renting and am waiting and watching.