Case shiller - prices rise first time in almost 3 years. (loans, house)
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For all you people that think this tiny uptick is a recovery, get a grip and look at the bigger picture. The same seasonal uptick (only because of foreclosures by the way) is clearly seen here for 08.
No, I didn't write that it was nonsense. I was expressing skepticism, and that a first glance, your argument looked like nonsense. You didn't offer much in support of your position, except a vague request to "think outside da box"
Your explanation for your position wasn't very convincing -- your argument was essentially that you need to hold cash reserves to avoid risk, which isn't a very strong argument.
BTW, if it's optimal to carry a high debt load, why bother messing around with an amortizing loan ? Would it not make more sense to keep your debt load constant and take out some kind of interest only loan ?
Whatever. Go forth and pay off your mortgage as quickly as possible.
thanks, my accountant didnt know about it and said it was probably the original thing that was knocked down to 8k. so now it appears that politicians are trying to get the full 15k, but i dont know how likely it is to happen.
i wonder what timeframe it would cover because im making offers on houses next week.
For all you people that think this tiny uptick is a recovery, get a grip and look at the bigger picture. The same seasonal uptick (only because of foreclosures by the way) is clearly seen here for 08.
I don't think anyone is predicting a "recovery".
More like a long period of stagnation.
The prices are about normal given the rates (see HOI etc). As long as rates stay low and the govt keeps propping up prices, prices will stay the same.
They won't go up for quite a while though, because unwinding these market manipulations will prevent growth.
Basically you're screwed if you buy today, but you're probably also screwed if you wait until it's a good time to buy.
The prices are about normal given the rates (see HOI etc). As long as rates stay low and the govt keeps propping up prices, prices will stay the same.
This is incorrect. Prices are not normal given the high property taxes. Prices are not normal given the high unemployment. As paulyc44 mentioned, gov can only delay the inevitable. Wait for the fall!
This is incorrect. Prices are not normal given the high property taxes. Prices are not normal given the high unemployment. As paulyc44 mentioned, gov can only delay the inevitable. Wait for the fall!
This is incorrect. Prices are not normal given the high property taxes. Prices are not normal given the high unemployment. As paulyc44 mentioned, gov can only delay the inevitable. Wait for the fall!
No, you are incorrect. The HOI numbers, which are an affordability metric that takes property taxes into account, have affordability in the same ballpark as the historical norm.
Basically, lowering long term rates is a good way to manipulate prices. Rates are very low by historical standarsd.
I've posted them previously in this forum, look them up.
I agree that a fall is inevitable. I also agree with you that the government can delay it. I suspect that they can and will delay it for quite some time.
1.) Unemployment will continue to go up despite what the media reports.
2.) Foreclosures are going up exponentially soon - many in default.
3.) Property taxes are outrageous
4.) This uptick in home sales was only for those sold for $100-$250K
Home prices have a big correction to go yet. I'm not buying anytime soon.
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