History has not dealt kindly with the aftermath of protracted periods of low
risk premiums
-A. Greenspan, 2005
July 18, 2006
We find ourselves here again - but this time it's houses
-A. Greenspan, 2005
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19 comments:
i got deja vu all over again - y. berra
Check the 5-year charts of Homebuilders` stocks !!!!
When will HOME PRICES follow ???????????????????????????????????????????????????????????????????????????????????????
It doesn't matter what the 'thing' is, the price pattern plays out the same every time; tulips, south seas land, FL land in the 1920s, the Nifty Fifty, gold in the 1970s, internet stocks in the 90s, real estate 2003-2005...different 'things'...SAME PATTERN.
Not too hard for the informed to figure out. I've now made almost $100,000 this year on put options on home builders. Just because I recognized this chart pattern.
www.investech.com
gold in 2006 too
AAPL stock
this selloff is brutal - i think we'll retest the 2002 lows again soon
utah prices keep going up, seattle, bainbridge island wa, austin, all up. no gloom and doom. all the people i know are making good money and lots of jobs.
utah was the last city in america to get hit by the flippers. call it the flippers' last stand
and oh, how far they'll fall there too
[sigh] don't tell people to move to phx. we have enough idiots here.
The people i know in utah all have good jobs. I here about the bk here by dumbshits like you but i would assume most of those come from the west valley area uneducated low pay jobs. Even if the jobs pay less the houses, electric,water,gas,taxes are less. Add it up. The flippers here are mainly in condos not single family homes. No gloom and doom in utah austin, seattle. If you dont own in those areas now the the prices will only be hire next year.
only be hire next year. ???????
Talk about uneducated. It's "higher", not "hire". I doubt anyone would "hire" you because you are "higher" than a kite if you believe what you are shoveling.
"hire" next year? I think you mean "higher". You just gave away that you live in West Valley.
Utah real estate will get killed!!!
seattle will have its day. Don't worry
"utah was the last city in america"
Utah is a STATE not a city :)
I thought the last great stand was at the ALAMO! And for those who use put options how is that different from flippers? Isn't anyone who trys to make a load of money other than through productive labour the same? Those who play stocks or commodities or real estate are all the same and the majority who really play those game are the RICH as their returns are enormous. History has always show the Rich skimming the cream off other's labour. The criminality of the Capitalist system is that the means of production are not owned or controlled by the labourers. A just system shares the wealth and wealth is created through productive means, not speculation or gambling or such. Oh and large socialist programs that reward those who do not produce/work is evil as well.
Dear foxwoodlief,
You are totally full of crap. Investing and trading are honorable professions. In any free market system, wealth will flow to the money-savvy people, period. As much as you might like to receive handouts, there will be none forthcoming to you from those who have figured out how to do well in ways other than "productive labour".
Anyone want to take a bet that utah homes will be more expensive next year. Didn't think so. Price will continue to go up.
This site is one of the best I have ever seen, wish I had one like this.
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