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House prices won't really recover until spring

By tovarichpeter   Follow   Wed, 8 Aug 2012, 10:08am   1,044 views   12 comments
In South San Francisco CA 94080   Watch (1)   Share   Quote   Permalink   Like   Dislike  

http://money.cnn.com/2012/08/08/real_estate/home-prices/index.htm?source=cnn_bin

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1. Call it Crazy Follow Befriend 249 threads 2,915 comments

   1   9:09am Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Spring of which year????

2. RentingForHalfTheCost Follow Befriend (8) 40 threads 2,062 comments Pleasanton, CA Premium

   2   9:31am Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   The year Iwog and Robert declare personal bankruptcy. Probably around 2015 or 2016 IMHO. Good luck out there. Gold and Swiss Francs over splitting wood and rusty nails.

3. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

   3   12:53pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   RentingForHalfTheCost says The year Iwog and Robert declare personal bankruptcy. Probably around 2015 or 2016 IMHO. rentingwithhalfabrain, I bought 8 of my homes with cash. Since you are apparently really stupid, i'll help you out: even if they all drop to $0, I'm still not bankrupt...

4. Bigsby Follow Befriend 2,842 comments Monterey, CA

   4   12:56pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Call it Crazy says Spring of which year???? It always helps to actually read the article.

5. Call it Crazy Follow Befriend 249 threads 2,915 comments

   5   12:59pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Bigsby says Call it Crazy says Spring of which year???? It always helps to actually read the article. Duh.... it was a joke!!! Prices aren't going to recover for multiple Springs.... maybe by the spring of 2016.... or later...

6. Bigsby Follow Befriend 2,842 comments Monterey, CA

   6   1:02pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Call it Crazy says Bigsby says Call it Crazy says Spring of which year???? It always helps to actually read the article. Duh.... it was a joke!!! Prices aren't going to recover for multiple Springs.... maybe by the spring of 2016.... or later... Jokes are supposed to be funny.

7. Call it Crazy Follow Befriend 249 threads 2,915 comments

   7   1:08pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Bigsby says Jokes are supposed to be funny. Then don't laugh at this chart.... it might make you cry... Which is why you won't be seeing a recovery in the housing market anytime soon (like next spring)......

8. robertoaribas Follow Befriend (23) 56 threads 4,081 comments Scottsdale, AZ robertoaribas's website

   8   1:09pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Phoenix prices are up 30% year over year...How much up do you need, ladies and gentleman, to call it a recovery? even at that, we still have less than 2 months supply, and under $150k, around 3 weeks supply... Prices are increasing as we speak, with only legacy short sales approved a long time ago, weighing down the statistics. The sale detailed below was approved over half a year ago, when prices where much cheaper... So glad I didn't listen to you guys last year! I just closed my 13th home yesterday, $60K short sale, 4 bedrooms 2 baths 2 car garage, tenant staying in it at $850 a month, which is a bit low for the area, but that way I don't have to recondition the home for at least a year, maybe years...

9. Bigsby Follow Befriend 2,842 comments Monterey, CA

   9   1:19pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Call it Crazy says Bigsby says Jokes are supposed to be funny. Then don't laugh at this chart.... it might make you cry... Which is why you won't be seeing a recovery in the housing market anytime soon (like next spring)...... I own a house. I'm very happy with the house. The house is worth more than I paid for it. All housing is local, so a chart like that means nothing to me.

10. Call it Crazy Follow Befriend 249 threads 2,915 comments

    10   1:24pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   robertoaribas says Phoenix prices are up 30% year over year...How much up do you need, ladies and gentleman, to call it a recovery? Yea, but to be up 30% it first had to crash and burn down 75% from the peak..... many areas of the country haven't crashed half that much. You still have 55% underwater, that's why you have a limited inventory...

11. Call it Crazy Follow Befriend 249 threads 2,915 comments

    11   1:27pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Bigsby says I own a house. I'm very happy with the house. The house is worth more than I paid for it. All housing is local, so a chart like that means nothing to me. I'm happy that your happy, but Monterey, CA isn't the nationwide housing market, and nationwide, the market sucks... Of course all housing is local, but in the wide picture, the picture don't look so great!!!

12. Bigsby Follow Befriend 2,842 comments Monterey, CA

    12   1:28pm Fri 10 Aug 2012   Share   Quote   Permalink   Like   Dislike   Call it Crazy says Bigsby says I own a house. I'm very happy with the house. The house is worth more than I paid for it. All housing is local, so a chart like that means nothing to me. I'm happy that your happy, but Monterey, CA isn't the nationwide housing market, and nationwide, the market sucks... Of course all housing is local, but in the wide picture, the picture don't look so great!!! And neither does it look anywhere near as bad as many like to paint it on here.