tag:blogger.com,1999:blog-18675105.post113330538060647818..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Pop! Miami housing market collapsing as inventory explodesbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-18675105.post-45903005663442583352007-05-29T12:47:00.000+01:002007-05-29T12:47:00.000+01:00you are doing great after moving to Portland. Port...you are doing great after moving to Portland. Portland will pop a bit, especially if the tech sector takes any job hits, the real estate jobs in PDX will dry up. The home owners that are going to get waxed in Portland are the no money down, ARMs, etc. How can sell your house and not get soaked by fees? Once the Portland market tanks a bit it will tough on 30% or so of the people who bought house after 2003. To long term owners it won't matter or effect them at all. Look at the Portland rental market, lot's of homes for rent, and the condo market is already "eating" it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1133405930374186302005-12-01T02:58:00.000+00:002005-12-01T02:58:00.000+00:00I wouldn't touch a rental property unless it gave ...I wouldn't touch a rental property unless it gave me over 12% ROI with a fixed rate mortgage after property management fee. You don't see those anymore.Out at the peakhttps://www.blogger.com/profile/10855394670202295976noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1133381339245085192005-11-30T20:08:00.000+00:002005-11-30T20:08:00.000+00:00bottom line:are you generating positive cash flow ...bottom line:<BR/><BR/>are you generating positive cash flow from your duplex? If so, congrats and hold on. If not, sell sell sell sell sell<BR/><BR/>And congrats on your CA play - nice gain. And you need a place to live, so if you like your house and want to stay there for 10+ years, stay<BR/><BR/>Also, my sister is in Portland. It's definitely in a bubble - especially new built condos. But nothing like phoenix, miami, san diego, vegas and la. It'll drop, but won't crash. <BR/><BR/>Inventories are steady, prices except at high end haven't dropped (yet):<BR/><BR/>Date Inventory 25th Percentile 50th Percentile<BR/>(Median) 75th Percentile <BR/>11/28/2005 4,488 $236,950 $329,900 $499,900 <BR/>11/21/2005 4,674 $239,000 $329,000 $499,000 <BR/>11/14/2005 4,710 $236,097 $329,000 $499,000 <BR/>11/07/2005 4,800 $234,900 $325,900 $499,000 <BR/>11/01/2005 4,836 $239,000 $329,900 $499,900 <BR/>10/28/2005 4,848 $238,500 $329,900 $499,900 <BR/>10/21/2005 4,865 $234,900 $329,900 $499,999 <BR/>10/14/2005 4,848 $235,000 $327,750 $499,900 <BR/>10/07/2005 4,759 $234,900 $325,000 $499,500 <BR/>10/01/2005 4,769 $234,950 $327,000 $499,900 <BR/>09/28/2005 4,800 $234,900 $329,000 $499,900 <BR/>09/21/2005 4,750 $234,900 $329,500 $499,950 <BR/>09/14/2005 4,588 $231,000 $329,000 $509,900 <BR/>09/07/2005 4,395 $229,950 $329,900 $509,900 <BR/>09/01/2005 4,377 $229,900 $330,000 $519,000 <BR/>08/28/2005 4,373 $229,900 $329,900 $511,300 <BR/>08/21/2005 4,337 $228,000 $329,000 $509,900 <BR/>08/14/2005 4,241 $229,000 $329,900 $520,000bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1133331018002912522005-11-30T06:10:00.000+00:002005-11-30T06:10:00.000+00:00it's not rocket science. Ever take an econ class?...it's not rocket science. Ever take an econ class? What's happening is classic bubble. <BR/><BR/>I didn't make up economics, or the housing bubble, or bubble theory, or herd mentality. Smarter people than I do that for a living<BR/><BR/>What I do is point out the obvious, find articles and commentary which I feel you, the reader, will find of interest, add my 2 cents, and call it a day. All in my free time.<BR/><BR/>I'll post this article though - it's a good one. A lot older than this blog too - about six months.<BR/><BR/>But then I'd also recommend you go back and read the overwhelming supply of good articles found on this blog and others, like housingbubble2 by ben jones. <BR/><BR/>Read them together, like pages in a book, and it's a damn good story. One that due to the nature of blogging is being played out in real time, and will be here for eternity in order for folks to go back and read "what were people thinking" way after the bubble has burst, the fallout has happened, and the recovery has started<BR/><BR/>cheersbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1133322872965137662005-11-30T03:54:00.000+00:002005-11-30T03:54:00.000+00:00and it seems you're a goobernever heard of "there ...and it seems you're a goober<BR/><BR/>never heard of "there goes the neighborhood" - it's a colloquialism you goober<BR/><BR/>but hey, welcome to the blog. Even goobers are free to post herebloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.com