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Old 02-03-2018, 09:23 AM
 
295 posts, read 150,611 times
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Case Shiller indices at all time high. Now is NOT the time to buy!! The sale is right around the corner!!
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Old 02-03-2018, 12:49 PM
 
Location: N. Raleigh
668 posts, read 1,256,689 times
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I remember people shouting the same thing about rising housing prices 7 years ago in my area and those who sat it out are going to have to pony up at least 100k more and at a higher interest rate and to add insult to injury the Dow is now ~17k higher too.

The point? Buy when you are ready to buy and to hell with the indexes.
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Old 02-03-2018, 02:22 PM
 
2,457 posts, read 1,321,467 times
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Originally Posted by Focused Husbandad View Post
Case Shiller indices at all time high. Now is NOT the time to buy!! The sale is right around the corner!!
Time to get some cojones, amigo
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Old 02-03-2018, 02:30 PM
 
295 posts, read 175,035 times
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Rates keep going up that could push the prices flat our perhaps even a slight downtrend to compensate for the higher rates. Higher rates means people qualify for less, its simple basic math.
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Old 02-03-2018, 07:30 PM
 
2,287 posts, read 4,706,703 times
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So Case Shiller is the One Number that rules them all?

Any index at its all-time high can either go higher or go lower. Or stay the same.
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Old 02-04-2018, 07:14 AM
 
295 posts, read 150,611 times
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10 years and we still haven’t learned. The latest bull rally is just that..bull. We are excited these days about Amazon, Facebook, Apple, and the likes of Netflix. SMH.

So thankful to be in the southeast!
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Old 02-04-2018, 08:09 AM
 
Location: NC
6,051 posts, read 6,766,483 times
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When the 2008 housing crisis began we had an extra almost one year worth of unsold housing inventory on hand. Today we have much less inventory than people wanting to buy. Thus scarcity of product (houses) is driving the crazy prices. It is a different situation and will fail or slow down due to different factors. IMHO
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Old 02-04-2018, 08:23 AM
 
15,839 posts, read 16,671,617 times
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Quote:
Originally Posted by forzalugano View Post
Rates keep going up that could push the prices flat our perhaps even a slight downtrend to compensate for the higher rates. Higher rates means people qualify for less, its simple basic math.
Rates are 4.3 today. I bought almost two years ago at 3.6%. The rate went up about .70 of a percent. Thatís not exactly shooting up.
Also a higher rate can be beaten by a higher down. Rates would need to g9 up to 7/8% to slow the market.
Itís also been 10 years since the last bubble. For 4-5 of those years there was little to no construction going on.
Think about it....20 year old kids back then are now married and having families. And the demand is there. They canít build houses fast enough as there is also a shortage of labor.

There are a lot more factors than the rate and stocks that impact housing.
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Old 02-04-2018, 10:18 AM
 
10,198 posts, read 6,122,088 times
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Quote:
Originally Posted by luv4horses View Post
When the 2008 housing crisis began we had an extra almost one year worth of unsold housing inventory on hand. Today we have much less inventory than people wanting to buy. Thus scarcity of product (houses) is driving the crazy prices. It is a different situation and will fail or slow down due to different factors. IMHO
Yes, last time was very different, they were giving out mortgages to unqualified people and then selling them off as investments on Wall Street.
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Old 02-04-2018, 11:55 AM
 
295 posts, read 150,611 times
Reputation: 268
You guys are right. Jobs and incomes are through the roof in meaningful sectors.
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