tag:blogger.com,1999:blog-18675105.post113590277895383344..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: NBC Nightly News: Has the housing bubble sprung a leak?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-18675105.post-1135969789561891712005-12-30T19:09:00.000+00:002005-12-30T19:09:00.000+00:00I heard merril lynch's chief economist at the end ...I heard merril lynch's chief economist at the end of a cnbc interview where he was discussing the coming meltdown in homes, end his interview with Maria B. by shouting out "Keep renting!"<BR/><BR/>Best advice I ever heard.<BR/><BR/>Ah, the peace of mind not owning a house today. <BR/><BR/>Where's the smart money today? On the sidelines.bloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1135964988349772812005-12-30T17:49:00.000+00:002005-12-30T17:49:00.000+00:00I agree. It’s an unbelievable time to rent. I’m ...I agree. It’s an unbelievable time to rent. I’m renting a luxury downtown Minneapolis apartment for less the $1000/mo. I have a two-year lease, exercise room, indoor heated pool, concierge service, indoor heated parking and a spectacular 30 floor view.<BR/><BR/>To get anything approaching that I would have to spend nearly 3x as I am now. Instead, I have $20,000+ year, cash, that I can invest in foreign currencies, gold, treasuries, the stock market, etc. And what’s really nuts is that there are actually better deals to be had. I’m renting straight out in an apartment complex right now, but you can sublet condos from flippers with an ‘option to buy’ with the same amenities for less then even what I’m paying.<BR/><BR/>One year ago there were handmade signs posted by freeway entrance ramps offering to buy any house for cash. Now there are signs in the same spots offering to sell condos CHEAP.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1135937774510932712005-12-30T10:16:00.000+00:002005-12-30T10:16:00.000+00:00House values should be tied to demographic income....House values should be tied to demographic income. Right now it is tied to hopes and dreams of a future nest egg.<BR/><BR/>We are well setup for a bear market starting in 2006.Out at the peakhttps://www.blogger.com/profile/10855394670202295976noreply@blogger.com