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22 Hard facts about the housing recovery

By iwog   Follow   Thu, 24 May 2012, 9:13pm   9,118 views   84 comments
In Lafayette CA 94549   Watch (1)   Share   Quote   Permalink   Like   Dislike  

Good article. All the vectors point up now. There's really nothing left to cause further declines except a shadow inventory that is looking more and more like Bigfoot.

http://www.wallstreetdaily.com/2012/04/09/signs-of-real-estate-recovery/

http://seekingalpha.com/article/616751-11-more-hard-facts-about-the-housing-recovery

Most Liked Comments

1. duckhead Follow Befriend 3 threads 81 comments

   1   10:07am Fri 25 May 2012   Share   Quote   Permalink   Like (3)   Dislike   I couldn’t agree more. Now with economies crumbling around the world due to crushing debt and the beginning of the great down slope of peak oil it is the perfect time to go hundreds of thousands of dollars into debt for decades on a depreciating house. No one will expect such stupidity THUS you will sneak up on them and get a great deal!!! Plus you will line the pockets of kind and loving Realtors™ and help prop up prices around here, which helps me out BIG TIME cause I got a lot of rental properties alligators going on!! I especially like the use of words like “vector”, really makes us ducks seem like we know what we’re talking about!

2. bmwman91 Follow Befriend (7) 37 threads 1,530 comments Mountain View, CA bmwman91's website Premium

   2   10:50pm Thu 24 May 2012   Share   Quote   Permalink   Like (2)   Dislike   BUY NOW OR BE PRICED OUT FOREVER! My realtor told me so!

3. Bigsby Follow Befriend 2,826 comments Monterey, CA

   3   10:03am Fri 25 May 2012   Share   Quote   Permalink   Like (2)   Dislike   Artimus, Artimus. What do they call your medical condition?

4. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 170 threads 4,188 comments Premium

   4   10:29am Fri 25 May 2012   Share   Quote   Permalink   Like (2)   Dislike   All signs are pointing to Cannibal Anarchy. Eat the banksters first. They've got the most fat. And you'll need it.

5. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 170 threads 4,188 comments Premium

   5   11:22am Fri 25 May 2012   Share   Quote   Permalink   Like (2)   Dislike   The catholics are into ecumenicism because it gives them more young boys to stuff their salsiccia into.

6. bmwman91 Follow Befriend (7) 37 threads 1,530 comments Mountain View, CA bmwman91's website Premium

   6   9:29pm Sun 27 May 2012   Share   Quote   Permalink   Like (2)   Dislike   How ironic would it be if all the realtors were right..."buy now or be priced out forever." There is some consolation in that since, if everyone is priced out forever, no sales will occur, and all the realtors will have to go find real jobs.

7. freak80 Follow Befriend (4) 52 threads 4,416 comments Corning, NY Premium

   7   11:08pm Sun 27 May 2012   Share   Quote   Permalink   Like (2)   Dislike   bmwman91 says if everyone is priced out forever, no sales will occur, and all the realtors will have to go find real jobs. Classic!

8. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

   8   9:03am Mon 28 May 2012   Share   Quote   Permalink   Like (2)   Dislike   I got yer TWO HARD FACTs hangin ! A mob of 100 people bidding for that LAST house will be sold to the highest bidder. DUH ! One buyer bidding on any of one hundred homes will ALSO be sold to the highest bidder. DUH ! The present spurt in sales is again spawned by pent up demand & marketing hype. There have been spurts in the past and there will be spurts to follow, until we return to the phenomenal 2.5 times income ratio. Those who already OWN real property, desperately want to mitigate losses and they must convince others that, "NOW IS THE GREATEST TIME IN HISTORY TO BUY MY HOME" !!!! Why not ask the seller for that warranty in writing and retain a percentage of the purchase price for a period of years, in an escrow account ? Early 70s-Women were granted credit. Prices doubled. Early 80s-Computers became home & business appliances at $2k+ ea. How many did you buy ? We will now return to "NORMAL" real property appreciation rates. On the way down, sellers will seek out & dupe those who remain ignorant of the above two simple FACTS.

9. duckhead Follow Befriend 3 threads 81 comments

   9   1:20pm Mon 28 May 2012   Share   Quote   Permalink   Like (2)   Dislike   “I can't dispute your stunning command of logic and reason.” You tellem Ducker! So much negativity around here, how can anyone doubt the truthfulness of the mothership NAR????? Real estate tycoons like us sure don’t and look where it got us.  We are landLORDS. LORDS OF THE LAND. Also lords of the sea since were duckers. We can’t lose, NOBODY CAN LOSE as long as you follow the NAR’s guidance. It’s simple.

10. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

    10   6:49pm Mon 28 May 2012   Share   Quote   Permalink   Like (2)   Dislike   E-man says If you have a different approach of interpreting the graph, I'm all ear. It took 70 years to raise this index by about 18 points. In HALF that time the index rose by almost TEN times that amount. Why ? We all have been made aware, that this skyrocketing in value was a mistake. We can not take back that women are now responsible for half the mortgage payment, but we can eliminate income generated by the introduction of the computer and information age. So, I draw a straight line across the 110 years showing the average incline prior to 1970 and double it, placing the target at 50. Bottom line, prices will return to 2.5 times the buyers income. Combine this with purchasing power and prices will continue to decline for generations.

11. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

    11   9:47pm Thu 24 May 2012   Share   Quote   Permalink   Like (1)   Dislike   "So if you wait around much longer for more facts to pile up in favor of a recovery, I guarantee you’ll miss out on profits". What does he guarantee it with ? He should be a Real Estate SalesMan !!! Anybody using the word "RECOVERY" is pulling the wool over your eyes. We will never recover from the jobs made obsolete at the end of the introduction of the information age. H.P. squelches 30k jobs this week. This guy is pumping adrenaline to sell his own product. Notice he don't tell you what his "fave" real estate ETF is. He wants you to call and aks him about it ! (bait taken ? ) Incidentally the entire (rigged) market has gone up this year.

12. errc Follow Befriend (7) 29 threads 1,211 comments 31 male Premium

    12   10:04pm Thu 24 May 2012   Share   Quote   Permalink   Like (1)   Dislike   Interest rates have been going down for 30+ years, what is it that you see that suggests a change in that trend? Because iwog has said here before, that when prices start going back up, so will rates However, it seems that they are trending lower still, as they bounce along the zero. And anyone that is using "affordability" as an excuse to try and dupe fools into believeing that prices are going up, is speaking on interest rates. Most people just look at the number, yet lack full understanding what the rate of change actually means Back when rates went from 7.5 the whole way down to 6.75, it didn't present such a drastic change, because it was just a 10% drop If rates went down that same 0.75 today, from the 1.75 they're at now that is a 43% drop The problem with using ever lower rates to save house prices is, you eventually hit the zero bound. But I suspect that they can drag this out awhile yet,,,,however, not without continually lower rates, so does that mean next stop for 10yrTs is 1.50%? During times of stated 2.5% - 3.0% inflation, that is a shitty ROI for your dollars

13. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

    13   10:14pm Thu 24 May 2012   Share   Quote   Permalink   Like (1)   Dislike   Guess which home is being offered at ZERO interest for 30 years at $150,000 each. I wish to try and express what Errc just stated. WHO CARES WHAT THE INTEREST RATE IS ? It can eventually be adjusted or renegotiated. These are Detroit homes. That city will soon be forced to shut off the street lights in the blighted areas, due to the bad economy.

14. Patrick Follow Befriend (54) 5,188 threads 6,157 comments 46 male Menlo Park, CA Premium

    14   9:10am Fri 25 May 2012   Share   Quote   Permalink   Like (1)   Dislike   Holy cow, that photo of Hong Kong apartments is like something out of a dystopian sci-fi movie. Looks like a place that could be instantly wiped out by plague or typhus.

15. REpro Follow Befriend (1) 22 threads 469 comments San Jose, CA

    15   9:22am Fri 25 May 2012   Share   Quote   Permalink   Like (1)   Dislike   Houston – one of the largest cities in US have NO ZONING RESTRICTION. Surprisingly its working pretty good for them.

16. errc Follow Befriend (7) 29 threads 1,211 comments 31 male Premium

    16   9:33am Fri 25 May 2012   Share   Quote   Permalink   Like (1)   Dislike   Four 4x4s and a couple sheets of osb and you are living the merican dream.

17. APOCALYPSEFUCK is Shostakovich Follow Befriend (28) 170 threads 4,188 comments Premium

    17   9:37am Fri 25 May 2012   Share   Quote   Permalink   Like (1)   Dislike   ArtimusMaxtor says Slam Hehehehehehehe! What's with the avatar and slogan? It's insane and indecipherable.

18. Philistine Follow Befriend 485 comments Los Angeles, CA

    18   9:50am Fri 25 May 2012   Share   Quote   Permalink   Like (1)   Dislike   Patrick says Holy cow, that photo of Hong Kong apartments is like something out of a dystopian sci-fi movie The entire country looks like that, with sprawling miles of swamp land in between. It's the most desolate, depressing thing I've ever seen. They skipped the inconvenient middle-class altogether in their economic run up and went straight for 1%-style oligarchy. TMAC54 says Most of those permits are for building rental condos & apartments True. With the exception of Miami and Las Vegas, there are not enough condos to go around anymore because that's all anybody can afford now if they want to buy or even rent. I guess all the landlords, specuvestors, and foreign money bags will be buying the decent houses while the rest of us slave away at Target with 100k in student loans and dream of condo living by the airport.

19. tatupu70 Follow Befriend (3) 15 threads 5,627 comments

    19   10:17am Fri 25 May 2012   Share   Quote   Permalink   Like (1)   Dislike   CL says But doesn't that still represent ~1 million less than 2005? It's 75% lower than during the bubble, even with these interest rates and deals you can get on foreclosures, shortsales or from unemployed, desperate homeowners? It was new homes. So, no foreclosures, shortsales, or unemployed, desperate homeowners. New homes represent such a small section of the market, however, that I don't put much weight into those numbers.

20. ArtimusMaxtor Follow Befriend (3) 803 comments

    20   10:28am Fri 25 May 2012   Share   Quote   Permalink   Like (1)   Dislike   errc says I think its called a sense of humor. Hopefully they put him on some SSRIs, that will fix him up good! You bet errc. I do have a sense of humor of course. It's not so much the crap that probably pull. It's the fucking ignorance of people that just don't care. These people love to invert. I am suprised they can't turn themselves inside out. I can't even stand to go to CNN comments anymore on the "stories" they print. These people can invert anything into a non-fact. Which leaves me thinking I am dealing with cackling fools. A morons not going to run from a volcano coming out of the ground. Hes just going to say time to get a fountain drink some chips and some gas. So in my opinion we just might be dealing with some lunatics ourselves. This inversion stuff could be fun.