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Old 05-26-2010, 05:45 AM
 
Location: Connecticut
24,576 posts, read 40,130,038 times
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Funny how the media only picks up on the bad news and does not mention the good. At least not with the same headlines. Jay
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Old 05-26-2010, 10:28 AM
 
Location: Central Virginia
834 posts, read 1,941,769 times
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I think the best indicator of how the market is going is looking at the actual market. I honestly don't trust articles put out by any real estate company.
I can find articles from 5 years ago talking about how the market is on its way back up. I honestly think the market is just cyclical. One month sales are up, the next month sales are down. I think this is going to go on for a while as the CT market stabilizes. The boom areas in the south and Arizona, Cali, still have a long way to go.
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Old 05-26-2010, 09:00 PM
 
Location: Cheshire, Conn.
2,102 posts, read 6,806,762 times
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Quote:
Originally Posted by Appias View Post
Somewhere in the past 50 years our expectations of what our first house should be inflated to unrealistic proportions and when banks said "yes" to almost any amount people were happy to buy that dream home instead of the house that was more realistic to their budget.
It wasn't that far back. It was during the '80s - the decade of conspicuous consumption endorsed for the most part by baby boomers (those born between 1946 and 1964).
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