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the "super bears" on this site have largely predicted that the housing prices will fall back in line with incomes and return to a level that was consistent since the 1940s. Is this what we call doom and gloom. A return to sanity is more like it.
It's misleading because (as has been pointed out many times), the next peak did not always occur in the lifetimes of those who observed the first peak.
but it has happened, and can happen again.
look, I just bought a house, however I am not looking for another bubble to inflate.
it would be nice if prices just leveled off into an L-shaped "recovery".
I think that would satisfy both the bulls & bears ...?
look, I just bought a house, however I am not looking for another bubble to inflate.
it would be nice if prices just leveled off into an L-shaped "recovery".
I think that would satisfy both the bulls & bears ...?
What was your down payment ? Fixed loan ?
I think people got themselves into trouble from "mark-to-market" accounting their houses. If you're worrying too much about paper gains or losses on your house, it's a sign something is wrong (either you're treating those equity gains as income which is a ruinous mistake, or you didn't put enough down in the first place).
I doubt that you chose the best time to buy, but I am dead certain that you didn't choose the worst.
look, I just bought a house, however I am not looking for another bubble to inflate.
it would be nice if prices just leveled off into an L-shaped "recovery".
I think that would satisfy both the bulls & bears ...?
I seriously doubt it. For housing values to get this high, they created mortgages with 0% down, the lowest interest rate possible, and for some, the option of not even making a monthly payment mandatory for 2 years. Short of creating a mortgage where they hand you 50k in cash to sign on the dotted line, it's pretty safe to say they will never get homes at the values you saw at the height of this bubble.
I am now convinced that posts like yours are proof positive that internet forums are 99% populated by unemployed losers.
keep on spinning friends !
the FACT is that over 91% of the people in the USA are working, saving money, paying down their debts, and (gasp!) buying houses.
I'm sorry that you never made anything of yourself.
the ultimate irony is that the right-wing ideology y'all espouse is the complete antithesis of where your best interests lie.
It's hard to tell who you think you're responding to, since you didn't quote.
I can assure you that I don't "espouse" a "right wing ideology" of any kind.
I have a job, and it pays pretty well (let's just say I'm well above median income for NJ), but my options for housing are pretty limited at current prices.
I am now convinced that posts like yours are proof positive that internet forums are 99% populated by unemployed losers.
keep on spinning friends !
the FACT is that over 91% of the people in the USA are working, saving money, paying down their debts, and (gasp!) buying houses.
I'm sorry that you never made anything of yourself.
the ultimate irony is that the right-wing ideology y'all espouse is the complete antithesis of where your best interests lie.
Wow. I thought this kind of "loser renter, wannnabe mortgage holder" mentality had gone now that the bubble is apparent to even the most bullish.
Guess I was mistaken.
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