[olecapt]

Originally Posted by sheriff

Really rockin'. Year to year is down only what----40%? How does a sales drop of 40% gauarantee a rising market? Can't get worse? Watch!

30%.

The volume is rising Greg...the volume...It will likely pass through last years volume in May or June. If the volume increase continues for some months it will likely stabilize pricing. May well have begun...After some months of stability we may see a price increase.

The real deal though is the REPOs and they will not be around long if the market volume rises much. In fact as a percentage of sales they are decreasing already.

[sheriff]

Originally Posted by olecapt

Sherman Fredericks - Publisher of the Las Vegas Review Journal....

You can deride this tip because of the source, if you like, but six months from now, don't ask me how you missed out on the best time to buy real estate in Las Vegas since the beginning of this decade.


ReviewJournal.com - Opinion - SHERMAN FREDERICK: It can't get much worse, can it?

So, with median price of $150k in 2000, and about 100% appreciation over 5 years, now is the best time of the decade to buy? Don't worry, I won't ask you how I missed this golden opportunity.

[olecapt]

Originally Posted by sheriff

So, with median price of $150k in 2000, and about 100% appreciation over 5 years, now is the best time of the decade to buy? Don't worry, I won't ask you how I missed this golden opportunity.

Uhhh why would you ask me Greg?...the quote is Sherman Frederick. I would think it a bit hyperbolic...more that things were going to get better rather than worse. YMMV.

So go talk to your friend Sherman Greg...

[sheriff]

Originally Posted by olecapt

Uhhh why would you ask me Greg?...the quote is Sherman Frederick. I would think it a bit hyperbolic...more that things were going to get better rather than worse. YMMV.

So go talk to your friend Sherman Greg...

Sorry; all the while I thought you supported these ridiculous claims.

[jpk]

Originally Posted by sheriff

The new home median price in 2000 $158K, today, $250k. Appreciation from 2003-2004 was 40%. Good luck.

Dude, I got a >40% discount to the new home selling price. The house is less than 2 years old.

Are you seriously thinking people are still buying houses for what they listed for a year or two ago? Are you the guy that just pays sticker price for everything? You sure are smug for someone that has no idea what they are talking about.

Did you ever think that right now homes are returning to the price per sf pre-boom? And that's in today's infated worthless dollars compared to old dollars that were worth a lot more. Did you pass basic math?

Sorry to flame back at a flame-baiter, but the tone of your constant posts really isn't constructive.

[jfkIII]

Disclaimer....please don't confuse jfk with jpk!

[sheriff]

Originally Posted by jpk

Dude, I got a >40% discount to the new home selling price. The house is less than 2 years old.

Are you seriously thinking people are still buying houses for what they listed for a year or two ago? Are you the guy that just pays sticker price for everything? You sure are smug for someone that has no idea what they are talking about.

Did you ever think that right now homes are returning to the price per sf pre-boom? And that's in today's infated worthless dollars compared to old dollars that were worth a lot more. Did you pass basic math?

Sorry to flame back at a flame-baiter, but the tone of your constant posts really isn't constructive.

How did you get a 40% discount to the selling price? Contradiction in terms. None the less the median price today is $249k---you bought for $149???

[dude66]

I ain't buying none of this talk. I'll stick to my macro view and predict it's going to rain on the rosy "home values going up" parade.

Just today on the Jim Cramer "Mad Money" show (CNBC), he flat-out predicted bank runs are coming. He wouldn't name names, but said if you've been following the financial crisis, you know who they are. Citi? WaMu?

Here's the video: Mad Money: Cramer's Tough-Market Playbook - Mad Cap Recap - MSNBC.com

He talks about it roughly 10-minutes in (or 40% into the show). Very sobering stuff especially for Cramer, who is always pumping stocks. Now he's saying his show has to change because there is no more money to be made -- it's all about preserving the capital you have and not losing it.

So, uh, home values are going up?

Sorry. This storm hasn't even started folks. You've only felt a few raindrops. Wait'll the thunder gets here.

[sheriff]

Originally Posted by dude66

I ain't buying none of this talk. I'll stick to my macro view and predict it's going to rain on the rosy "home values going up" parade.

Just today on the Jim Cramer "Mad Money" show (CNBC), he flat-out predicted bank runs are coming. He wouldn't name names, but said if you've been following the financial crisis, you know who they are. Citi? WaMu?

Here's the video: Mad Money: Cramer's Tough-Market Playbook - Mad Cap Recap - MSNBC.com

He talks about it roughly 10-minutes in (or 40% into the show). Very sobering stuff especially for Cramer, who is always pumping stocks. Now he's saying his show has to change because there is no more money to be made -- it's all about preserving the capital you have and not losing it.

So, uh, home values are going up?

Sorry. This storm hasn't even started folks. You've only felt a few raindrops. Wait'll the thunder gets here.

I agree with both you, and Cramer. Possibly foreign markets are viable.

[sheriff]

Originally Posted by dude66

I ain't buying none of this talk. I'll stick to my macro view and predict it's going to rain on the rosy "home values going up" parade.

Just today on the Jim Cramer "Mad Money" show (CNBC), he flat-out predicted bank runs are coming. He wouldn't name names, but said if you've been following the financial crisis, you know who they are. Citi? WaMu?

Here's the video: Mad Money: Cramer's Tough-Market Playbook - Mad Cap Recap - MSNBC.com

He talks about it roughly 10-minutes in (or 40% into the show). Very sobering stuff especially for Cramer, who is always pumping stocks. Now he's saying his show has to change because there is no more money to be made -- it's all about preserving the capital you have and not losing it.

So, uh, home values are going up?

Sorry. This storm hasn't even started folks. You've only felt a few raindrops. Wait'll the thunder gets here.

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