Why are you here at Housing Panic?
Renting and thinking about buying?
Interested in economic theory - bubbles, manias, panics?
Thinking of selling your house and want to make sure you're doing the right thing?
Think people who believe there's a bubble are nuts?
December 18, 2005
Question for readers: Why are you interested in reading about the housing bubble?
Subscribe to:
Post Comments (Atom)
27 comments:
that's rich. Guess you missed the 50% decline in homebuilder stocks from October through November? Guess that one right too?
Good luck out there. If you are truly investing based on blogs as your sole research, you're in trouble.
I'd recommend reading a book or two.
Banker: I guess you can call me a market timer. Since I've sold my house, comparable sales have been down. Will they go up again? The conflicting fundamentals say no, but averaged price in national history in US says yes. Japan proves RE can be a bad investment if there is mania.
I like hearing about all the bad housing news to reassure myself that I did the right thing, and betting on a downturn is the next right thing. So far my mutual fund picks are non-performers. It's at a plateau stage. The action will be in 2006.
the banker;
Here is a Real Estate development for single homes in Southern California.
Check out CALC:
Go to Yahoo Finance and get CALC information. Read the history of this development. Below is the latest press release.
Last Trade: 39.43 The stock will be $60.00 in January when the $65 million payment comes from the State of California's Wildlife Conservation Board.
I watch this board and others because my income and savings does not keep up with the price increases of housing in Los Angeles and I am waiting for the Bust to buy a home to live in. So. Be. It.
Homes at Bolsa Chica
Thursday December 15, 4:24 pm ET
IRVINE, Calif., Dec. 15 /PRNewswire/ -- California Coastal Communities, Inc. (Nasdaq: CALC - News) announced that earlier today the California Coastal Commission issued a Coastal Development Permit ("CDP") to the Company for development of 349 homes, known as "Brightwater," on the Upper Bench of the Bolsa Chica Mesa. Brightwater represents one of the last opportunities to develop a master planned community on the coast of Southern California.
The Company also announced that it expects to complete the $65 million sale of its 103-acre Lower Bench portion of the Bolsa Chica Mesa to the State of California's Wildlife Conservation Board ("WCB") on or before the expiration of the WCB's December 31, 2005 deadline.
Raymond J. Pacini
Banker, why do you think this one blog out of hundreds is going to be your meal ticket? There are lots of other chicken little sites you could take your contrarian view and have made a fortune during the past year--like shorting gold and oil. Oops I guess that wouldn't have worked because you'd be sitting on your shorts from gold $330 and oil $30! There are lots of sites that promote stocks and the buying of real estate. Are they right, or are they wrong, do you side with these little guys or go against them? Hmmm, looks like you were just a little bit lucky on your picks (aren't all fund managers lucky when they hit it big anyway?), and giving credit to this site is like giving credit to the planets. Remember, a stopped clock is right twice a day. So eventually every single blog and strategy is right a couple of times--although timing is everything (but you already knew that).
I'm here because I am easily amused.
Is there a land bubble in much of suburbia? Absolutly. People still have to live though. Use some common sense when buying and selling and you will do alright.
And by the way. If that banker dude was my broker. I'd fire his ass. Investing based on this blog. ROFLMAO. I guess we don't hire bankers for their expertise anymore do we.
Hey 3rd rate banker dude, I have a blog tracking home builders. Would you like me to tell your clients what to do directly, or can you relay the messages I have for them. ROFLMAO
Let's try to ignore the trolls (as hard as that can be). Let's enjoy their stupidity and bluster though
foo - good point. There's tons of buying opportunities now in Phoenix, San Diego, Boston, Miami, LA, SF and more for the banker
Again, it's tough, but let's ignore the trolls. They're liars, and likely real estate agents.
The_Banker, it appears that you see the housing market struggling over the next 5 years, the same as other readers of this blog.
You bought in 1997 at the bottom of the market and now you've paid off your mortage. Why aren't you highly leveraged with interest only loans? I would guess it's because you don't see real estate as being a good investment right now. And why pay off your mortgage while keeping higher interest student loans that are not tax deductible?
Personally, I bought in 1998 in OC when all signs were pointing to a housing boom. I read about the housing bubble now because the signs appear to be pointing to a bust. I want to know where the markets are heading so I can act accordingly.
Arizona - the opposite - you're brilliant for owning property in Arizona during this bubble - I did too and it was the best investment I ever made.
But the writing is on the wall, and it will be down from here (it already is - look at previous posts on listing numbers and asking prices in Phoenix)
Cisco was a great investment in 1997. But it was the worst investment for anyone who bought in 2000 and sold in 2003.
Timing, my friend, is indeed everything.
Good luck out there.
nice information
Everyone needs a good attorney at some point in time. If you are looking for bankruptcy court miami florida make sure have all the resources at your fingertips.
The website http://cgi.tripod.com/miamibankruptcy/cgi-bin/index.pl?bank=bankruptcy has a great informational directory on bankruptcy court miami florida so you can find exactly what you need.
A fantastic blog. Keep it up. This may be of interest to you, information about best refinance mortgage rate http://thehomemortgageguide.com Need Information on purchasing a home? best refinance mortgage rate
Your Blog. I enjoyed reading it. If you get a moment, There is no better time than now to learn about best refinance mortgage rate http://thehomemortgageguide.com STOP renting now, Find out how! best refinance mortgage rate
You have a great website here, and I'm going to tell all my friends about it.
I have been following a site now for almost 2 years and I have found it to be both reliable and profitable. They post daily and their stock trades have been beating
the indexes easily.
Take a look at Wallstreetwinnersonline.com
RickJ
I have been following a site now for almost 2 years and I have found it to be both
reliable and profitable. They post daily and their stock trades have been beating
the indexes easily.
Take a look at Wallstreetwinnersonline.com
RickJ
Hi Fellow! I was just searching blogs,and I found yours! I like it!
If you have a moment, please visit my arizona mortgage company site.
Good luck!
Hi Friend! You have a great blog over here!
Please accept my compliments and wishes for your happiness and success!
If you have a moment, please take a look at my atlanta bankruptcy exemptions site.
Have a great day!
Hi Fellow! I was just searching blogs,and I found yours! I like it!
If you have a moment, please visit my atlanta bankruptcy info site.
Good luck!
Hi Fellow! I was just searching blogs,and I found yours! I like it!
If you have a moment, please visit my atlanta bankruptcy and structured settlement site.
Good luck!
Hello Friend! I just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
Keep up the great work, you are providing a great resource on the Internet here!
If you have a moment, please make a visit to my atlanta bankruptcy lawyer site.
Good luck in your endeavors!
I was searching blogs,and I found yours.Please,
accept my congratulations for your excellent work!
If you have a moment, please visit my atlanta bankruptcy site.
Have a good day!
Hello Friend! I just came across your blog and wanted to
drop you a note telling you how impressed I was with
the information you have posted here.
Keep up the great work, you are providing a great resource on the Internet here!
If you have a moment, please make a visit to my attorney bail bond site.
Good luck in your endeavors!
Hi Friend! You have a great blog over here!
Please accept my compliments and wishes for your happiness and success!
If you have a moment, please take a look at my atlanta mortgage refinance site.
Have a great day!
Hey, you have a great blog here! I'm definitely going to bookmark you!
I have a bad credit lenders site.
Come and check it out if you get time :-)
Greetings.
Hi Blogger, I found your blog quite informative.
I just came across your blog and wanted to
drop you a note telling you how impressed I was with it.
I give you my best wishes for your future endeavors.
If you have a moment, please visit my sears credit card payment site.
Have a great week!
Post a Comment