The coming real estate crash!!!!!!

You guys are going to lose your shirts!!!!!!

Re: The coming real estate crash!!!!!!

You realize that most of benefit greatly if there is one

Tom wrote:
> You guys are going to lose your shirts!!!!!!
>
>

Re: The coming real estate crash!!!!!!

"Tom" <> wrote
> You guys are going to lose your shirts!!!!!!

Whew! My laundry bills were getting out of hand.
--


Rick Hess
New Orleans
To reply, eliminate All_Spammers

Re: The coming real estate crash!!!!!!

Maybe so------->

"Tom" <> wrote in message
news:
> You guys are going to lose your shirts!!!!!!
>
>

Re: The coming real estate crash!!!!!!

I don't think the real estate market is going to crash like the dot com
crash. First of all, even if your house price goes down, you are still
left with a house. When your dot com stock crashes, you are left with
nothing. Absolutely, nothing. Even if there is a 15% correction on the
price of a house, people can still rent it out and may be 70 tp 80% of
the mortgage.

Re: The coming real estate crash!!!!!!

AspiringBroker wrote:
> I don't think the real estate market is going to crash like the dot com
> crash. .
Good point.
I've been in Silicon Valley the last 14 years. People told me to buy a
house in the mid 90s because they were going to go up and I didn't
(what a mistake). In the late 90s, I waited for the economy to go bad
so home prices would come down, they didn't. I figured prices couldn't
keep rising without a recovery, they did. I finally took the plunge
but was scared home prices would fall as the interest rate creeped back
up, they haven't (so far).
My real estate crystal ball is definitely broken, is everyone else sure
about theirs?

Re: The coming real estate crash!!!!!!

Somebody needs to define the word crash...when Orange County California went
down 40% in the 90s now thats a crash....different than the 90s when there
was mostly fixed and some ARMs, now to fuel the frenzy more we have looser
loan standards + interest only loans. Only 11-12% can afford a home in
Orange County...a good time to buy is when interest rates are
high....refinance as the rates drop and the prices shoot up again....

"AspiringBroker" <> wrote in message
news:
>I don't think the real estate market is going to crash like the dot com
> crash. First of all, even if your house price goes down, you are still
> left with a house. When your dot com stock crashes, you are left with
> nothing. Absolutely, nothing. Even if there is a 15% correction on the
> price of a house, people can still rent it out and may be 70 tp 80% of
> the mortgage.
>

Re: The coming real estate crash!!!!!!

On 18 Jul 2005 22:13:51 -0700, wrote:

>
>
>AspiringBroker wrote:
>> I don't think the real estate market is going to crash like the dot com
>> crash. .
>Good point.
>I've been in Silicon Valley the last 14 years. People told me to buy a
>house in the mid 90s because they were going to go up and I didn't
>(what a mistake). In the late 90s, I waited for the economy to go bad
>so home prices would come down, they didn't. I figured prices couldn't
>keep rising without a recovery, they did. I finally took the plunge
>but was scared home prices would fall as the interest rate creeped back
>up, they haven't (so far).
>My real estate crystal ball is definitely broken, is everyone else sure
>about theirs?


The problem is that low long-term interest rates are also a clue to a
weakening economy with less demand for credit. And these low long-term
interest rates have also fueled an explosion in real estate
speculation. Greenspan has called the frantic activity ''froth." It is
not only the kind of bubble that eventually bursts, it is itself
feeding inflation that the Federal Reserve will work to contain, even
if the economy slows as a result.

Many experts tell a narrative story of this decade as a tale of two
bubbles, first in high-tech and now in housing, fueled by the Federal
Reserve, unheard of budget deficits, and mounting public and private
debt.

This unprecedented amount of monetary and fiscal stimulus was enough
to keep the economy from experiencing more than a very brief dip after
the 9/11 attacks. However, the growth that followed has been
historically anemic, with unusually spotty and limited job growth and
enormous pressures on households with modest incomes. The employment
gains have not been enough to keep pace with Americans coming of
working age, and the squeeze on families of average income and below
has been brutal, in contrast to life at the tax-reduced top.

At this relatively mature stage of the business cycle, with economic
growth beginning to slow, the stimulus arrows in the government's
quiver are few, and the Federal Reserve is more likely than not to
keep tightening monetary policy rather than loosening it. There are
also indications that households are nearing the limit of their
ability to refinance housing debt or take out home equity loans to
meeting current expenses; households now owe a record 90 percent of
the economy's annual output, a figure that has jumped by 20 points in
the last five years.

Moreover, the rising indebtedness of Americans and of their government
and business sectors is becoming a source of concern abroad because so
much of the increased debt has been used to purchase goods and
increasingly services from abroad. This year, the country's so-called
current account deficit -- the gap in trade and financial flows with
the rest of the world -- is in the area of 7 percent of domestic
output, virtually unheard of for a developed country.

The lasting answer would be a return to fiscal sanity, but the odds of
that in the near term are nil. The Federal Reserve can still help at
the margins, but the fundamental forces loose in this country are
worrisome.

Re: The coming real estate crash!!!!!!

* Tom <> writes:
> You guys are going to lose your shirts!!!!!!

I don't wear shirts you insensitive clod.

Re: The coming real estate crash!!!!!!

wrote:
> * Tom <> writes:
>> You guys are going to lose your shirts!!!!!!
>
> I don't wear shirts you insensitive clod.

This is Usenet you shirtless clod, not slashdot.

Re: The coming real estate crash!!!!!!

i am in silicon valley. in my neighborhood, even today, there are still
multiple offers on homes. yes, the prices are outrageous. but, for a
long term investment the values hold. think about it. there is just no
more land here. we are wedged between 101 and 280... if you go 101
south it gets tough with commutes. i really dont think there is a
bubble here. even with the recent loss of so many jobs real estate
prices continued to go up. get in, get your feet wet. long term, you
won;t lose.

Re: The coming real estate crash!!!!!!

yeah, ride the wave!!

Re: The coming real estate crash!!!!!!

* Jim Logajan <> writes:
> wrote:
>> * Tom <> writes:
>>> You guys are going to lose your shirts!!!!!!
>>
>> I don't wear shirts you insensitive clod.
>
> This is Usenet you shirtless clod, not slashdot.

What's slashdot?

Re: The coming real estate crash!!!!!!

On 28-Jul-2005, "fifi" <> wrote:

> i am in silicon valley. in my neighborhood, even today, there are still
> multiple offers on homes. yes, the prices are outrageous. but, for a
> long term investment the values hold. think about it. there is just no
> more land here. we are wedged between 101 and 280... if you go 101
> south it gets tough with commutes. i really dont think there is a
> bubble here. even with the recent loss of so many jobs real estate
> prices continued to go up. get in, get your feet wet. long term, you
> won;t lose.

Do you actually think holding doesn't cost?

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: The coming real estate crash!!!!!!

On Thu, 28 Jul 2005 05:16:14 GMT, wrote:

>* Tom <> writes:
>> You guys are going to lose your shirts!!!!!!
>
>I don't wear shirts you insensitive clod.
Cause you already lost them?

Re: The coming real estate crash!!!!!!

wrote:
> * Jim Logajan <> writes:
>> wrote:
>>> * Tom <> writes:
>>>> You guys are going to lose your shirts!!!!!!
>>>
>>> I don't wear shirts you insensitive clod.
>>
>> This is Usenet you shirtless clod, not slashdot.
>
> What's slashdot?



It's where the tired joke "I <blank> you insensitive clod!" is much over-
used (where <blank> is filled in with some appropriately pithy comeback).

Re: The coming real estate crash!!!!!!

On 28 Jul 2005 11:32:06 -0700, "fifi" <> wrote:

>i am in silicon valley. in my neighborhood, even today, there are still
>multiple offers on homes. yes, the prices are outrageous. but, for a
>long term investment the values hold. think about it. there is just no
>more land here. we are wedged between 101 and 280... if you go 101
>south it gets tough with commutes. i really dont think there is a
>bubble here. even with the recent loss of so many jobs real estate
>prices continued to go up. get in, get your feet wet. long term, you
>won;t lose.

Don't consider bubble in silicon valley, more of business as usual.
Single family homes are harder to come by now as more and more high
density homes are being built to keep up population growth for
whatever is left of land.

Re: The coming real estate crash!!!!!!

On Thu, 28 Jul 2005 23:39:46 GMT, Nona <>
wrote:

>On 28 Jul 2005 11:32:06 -0700, "fifi" <> wrote:
>
>>i am in silicon valley. in my neighborhood, even today, there are still
>>multiple offers on homes. yes, the prices are outrageous. but, for a
>>long term investment the values hold. think about it. there is just no
>>more land here. we are wedged between 101 and 280... if you go 101
>>south it gets tough with commutes. i really dont think there is a
>>bubble here. even with the recent loss of so many jobs real estate
>>prices continued to go up. get in, get your feet wet. long term, you
>>won;t lose.
>
>Don't consider bubble in silicon valley, more of business as usual.
>Single family homes are harder to come by now as more and more high
>density homes are being built to keep up population growth for
>whatever is left of land.

Is the employment situation there keeping up with the housing prices?
Meaning, more and more jobs coming into the area which is bringing in
more people, as well as the salaries are keeping pace with house
prices? If house prices keep going up and salaries don't, then no one
will be buying as they won't be able to afford it. Then the bubble
breaks.

Re: The coming real estate crash!!!!!!

On Mon, 01 Aug 2005 22:59:44 GMT, wrote:

>Is the employment situation there keeping up with the housing prices?

It appears to be most times since I lived here.

>Meaning, more and more jobs coming into the area which is bringing in
>more people, as well as the salaries are keeping pace with house
>prices?

Prices keep going higher and higher and people like myself ask how
others can afford to purchase nearby, but they sell very quickly with
multiple offers. For that matter, it's very hard to find homes in the
neighborhood for sale. There is a lot of wealth around here. It
boggles my mind.