[airics]

Originally Posted by robojester

Praying for a dip in house prices.

not a chance... maybe in 5 years....seems to cycle every 10 yrs...... and even if it does do the dip in 5 years it will still be higher than today....

my home is going up about 2k a month so im excited about that.... if we sell this year, should be about 80k more than we paid and that was in 2008, not at the bottom by any means... of course house #2 is going to lose about 20k from what we paid... but in the end, its been a ride.....

[ddrhazy]

Some houses have hit their 2006 peak value, those properties are mostly 250k and below. If your house is over 300k, it'll probably be another few years before it's back to where it was.

[logline]

On a macro level, full employment (4.1%) will create upward wage pressure. Massive monetary printing will continue the dollar devaluation. I think we're in for a round of inflation coming in the next year and when inflation hits, you want hard assets, like houses. Lock in those low rates before they start heading higher.

[WestieJeff]

Originally Posted by logline

Massive monetary printing will continue the dollar devaluation.

Continue the dollar devaluation?? Perhaps against bitcoin, but not sure which other currency. Dollar is strong against most foreign currencies for the last few years. Gold/USD has been stagnant for years now. Probably not so much due to our monetary policy being great but rather others being worse.

[soclose]

Originally Posted by robojester

Praying for a dip in house prices.

It’s coming, patients is a virtue.

[RMESMH]

Originally Posted by equid0x

My car is 17 years old and tops out at 155, only because the computer won't let you go faster. So, its literally faster then everything on that list than the Porsche 911. Newer cars are even faster than mine. There have been absolutely huge strides in engine technology since the 1970s, particularly within the last 10 years. Even the cheap-ass Kias and Hyundais can hit 120 now.

My then neighbor had a yellow Pantera, and traded in a gold-ish Mangusta when he bought the new Pantera.

One of my classmates in high school had the 1970 Chevelle SS 454. He cut a hole in the hood to allow for a velocity stack, and then made other mods. That was the loudest car owned by any student at our school.

[logline]

Originally Posted by WestieJeff

Continue the dollar devaluation?? Perhaps against bitcoin, but not sure which other currency. Dollar is strong against most foreign currencies for the last few years. Gold/USD has been stagnant for years now. Probably not so much due to our monetary policy being great but rather others being worse.

Look at what the dollar has done this year:
http://stockcharts.com/h-sc/ui?s=$usd&p=D&yr=1&mn=0&dy=0&id=p86270993931

Looking at a more local perspective, the influx of people from CA will continue. Nothing drives that point home more than this article from yesterday:
http://www.latimes.com/business/real...209-story.html
It's downright depressing living in L.A.

Add in the new Raiders Stadium (among other projects) and growth is set to continue and drive up housing demand.

[logline]

Originally Posted by soclose

It’s coming, patients is a virtue.

So is education, apparently.

[foundapeanut]

Originally Posted by airics

not a chance... maybe in 5 years....seems to cycle every 10 yrs...... and even if it does do the dip in 5 years it will still be higher than today....

Agree, too many positive changes in the last decade for the exact same thing to happen that did 2007/2008.

Over 1/3 of homes are now bought with cash. Lending laws have changed. People aren't flipping like they were. More stable buyers with better jobs. People relocating businesses here. Economy is diversifying. A house keeper at the MGM isn't owning 8 homes now cause of faulting no doc lending like the '00. It was all fraud and we know the end result. Lots of these buyers, agents, and lenders left the area. I consider this a sweeping out of the trash.

My service (like hair, massage, nails, etc) people said they see a change in cliental from cocktail waitresses, people connected to real estate to relocated attorney's and more professional people.

Another RE agent says prices will really rise once Raiders move into area. They bring a large or have to hire from here) back office. And businesses that do business with the Raiders will relocate too, if Raiders are biggest client. We could be getting another one, possibly two professional teams.

The other thing is a big bubble of baby boomers have retired since last bust. Many are midwest or east coast who are relocating. They are sick of the weather or their health says get away. Now not all will come here. But we will get our share. Let's not forget the CA people who move here regularly. With our household breathing issues, we'd have to move after the fire, if we were living there. What they are dealing with now is deadly for the elderly and those with COPD etc.

Location is everything. Areas like high end Queenridge will have problems cause of issue with golf course. Other golf courses closing too, those homes will be hit. The ones with stable money making golf courses, homes continue to rise.

You know all these apartments being built. I have a feeling some will be changed into condos and those will be our lower end housing.

[Hughie]

Another real estate agent says prices will rise when the Raiders come? Why? And why?