Housing Crisis Over? (new home, price, buy)

[scgraham]

According to the Wall Street Journal, it is very likely that April 2008 will mark the bottom of the U.S. housing market.

[Charley]

Originally Posted by scgraham

According to the Wall Street Journal, it is very likely that April 2008 will mark the bottom of the U.S. housing market.

Do you mean the Wall Street Journal owned by Rupert Murdoch aka Fox News aka Republican Talking Source aka "Let's make the economy seem better so there's less heat on McCain" Wall Street Journal? That Wall Street Journal?

[spacelord75]

No way in hell. Maybe April 2012 when home prices reach 1998 levels. This is just the beginning.

[BobKovacs]

Surprising- I figured the only ones who would make claims like that would be the National Association of Realtors..........

[Lionhearted]

The economy will have to be expanding before people will have the confidence to buy a new home and the direction of the economy won't be known until much later than May. The WSJ prediction is the kiss of death.

[bayarea-girl]

We have yet to see the worse.

[nrgpill]

Yes - the one with higher circulation than NYT and LAT. The only one with higher circulation (USA Today) is deemed neutral on a political scale. Go figure....

Originally Posted by CMTAD

Do you mean the Wall Street Journal owned by Rupert Murdoch aka Fox News aka Republican Talking Source aka "Let's make the economy seem better so there's less heat on McCain" Wall Street Journal? That Wall Street Journal?

[scgraham]

Given the logic behind the aforementioned posts on this thread, then all articles, posts and/or any other medium are worthless because everyone has an agenda. Why read at all?

I am not really seeking a response to that question.

Respectfully,

[spacelord75]

Originally Posted by scgraham

Given the logic behind the aforementioned posts on this thread, then all articles, posts and/or any other medium are worthless because everyone has an agenda. Why read at all?

I am not really seeking a response to that question.

Respectfully,

Reading and believing are two totally different things.

[scgraham]

Originally Posted by spacelord75

Reading and believing are two totally different things.

That holds true for anything you read, even the negative news about the housing market. It would be fair to say that many have a vested interest in a weaker housing market; generally speaking, these people will be looking for a bottom when it has long since passed.