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Do we all agree that house price will take off from now to the election?

By xenogear3   Follow   Mon, 13 Aug 2012, 6:59pm   2,699 views   32 comments
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Leaked that Ben will print more money in September.

Does that mean house/gold/stock will take off from now to the election?

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1. Strategic Renter Follow Befriend 31 threads 98 comments

   1   7:23pm Mon 13 Aug 2012   Share   Quote   Permalink   Like (4)   Dislike (1)   Only if wages take off first.

2. Call it Crazy Follow Befriend 229 threads 2,781 comments

   2   7:55pm Mon 13 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   Strategic Renter says Only if wages take off first. BINGO!!!!!!

3. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   3   7:58pm Mon 13 Aug 2012   Share   Quote   Permalink   Like (3)   Dislike   I personally wouldn't touch real estate until seeing what happens after the election, but that is just me.

4. 1sfrenter Follow Befriend (1) 11 threads 224 comments San Francisco, CA

   4   8:26pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   David9 says I personally wouldn't touch real estate until seeing what happens after the election, but that is just me. Curious as to what you think will happen, in either case (Obama or Romney)?

5. Call it Crazy Follow Befriend 229 threads 2,781 comments

   5   8:30pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   1sfrenter says David9 says I personally wouldn't touch real estate until seeing what happens after the election, but that is just me. Curious as to what you think will happen, in either case (Obama or Romney)? I would also be interested to hear predictions from everyone on this question...

6. New Renter Follow Befriend (3) 13 threads 2,220 comments San Jose, CA Premium

   6   8:44pm Mon 13 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   The dead cat will bounce again as a zombie!

7. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   7   8:44pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   Predictions? How about current policy? "administration may turn thousands of government-owned foreclosures into rental properties to help boost falling home prices." http://www.huffingtonpost.com/2011/08/10/government-foreclosures-300000-rent_n_923406.html I think most people on this site believe there has been some tinkering with regard to home prices. There are other articles too that say the same thing. For Romney, it would be a prediction at this point, for me anyway.

8. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

   8   8:54pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   Here we go, this is the 'fact sheet' I originally found where: " help stabilize housing prices, support neighborhoods, and provide sustainable rental housing for American families" http://www.whitehouse.gov/the-press-office/2012/02/01/fact-sheet-president-obama-s-plan-help-responsible-homeowners-and-heal-h

9. HEY YOU Follow Befriend (4) 334 threads 919 comments

   9   9:37pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   I'm sure that between now & the election that 99% of homes for sale will sell including the shadow inventory. Of course home prices will skyrocket. After the election the 1% will sell & there will be nothing left to buy. Somebody please stop me!

10. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,018 comments Pleasanton, CA Premium

    10   10:04pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   David9 says I personally wouldn't touch real estate until seeing what happens after the election, but that is just me. I'd touch it just to make sure it is not wet, so when I put a match to it my next call will be to the insurance company. At these prices I might as well get out while the writing is on the wall. Why go through the hassle of having a stranger trotting through your personal belongings complaining about the flooring and the messy kitchen and bathrooms. Burn the sucker down and then use one of the many inflated appraisals you collected over the years to take it to the insurance company. Get your bar mates to be the general contractors and build up a brand new home for about 1/3rd of the appraisal. Hey, if everyone is sniffing the same glue, you might as well take some money out of this pig. The banks and realtors took it for a ride for so many years and they are continuing to try and restart the engine that could.

11. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,018 comments Pleasanton, CA Premium

    11   10:08pm Mon 13 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   Protected   Call it Crazy says 1sfrenter says David9 says I personally wouldn't touch real estate until seeing what happens after the election, but that is just me. Curious as to what you think will happen, in either case (Obama or Romney)? I would also be interested to hear predictions from everyone on this question... Real estate prices will tank over the next 2-3 years and there is not a damn thing anyone can do about it. Obama or Romney. The Chinese will only keep giving out the allowance for so long. Eventually, they will want to see something for all their generosity (huge buyer of the Greenback) and when there is nothing there they will wave and give us the middle finger. Time to grow up America. We can't live above our means forever, the crash will be swift and devastating. Imagine what will happen if people are forced to work again. Yikes

12. bmwman91 Follow Befriend (7) 37 threads 1,539 comments Mountain View, CA bmwman91's website Premium

    12   10:17pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   It is anyone's guess. The market is so heavily manipulated and influenced by so many parties that it could do anything. The one thing that I think we can all agree upon is that the outcome that we all want, drastically lower prices in the SFBA, won't happen. The cards are stacked against it, and the house always wins. The only way that I see it happening is if our entire financial system collapses since the system is what is keeping prices up. If BenB gives a hot cash infusion to the cancer-riddled economy, then it will juice the stock and RE markets yet again. Interest rates can still go lower, and money can be printed to juice the economy for a little longer. We will continue to put band-aids on the economy's hemorrhaging femoral artery until we.....can't.

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

    13   10:20pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   Why would Home prices take off again ? Why did it become DETACHED from REALITY in the first place ? Might you believe Because of ALLLL that pent up EQUITY ?

14. bmwman91 Follow Befriend (7) 37 threads 1,539 comments Mountain View, CA bmwman91's website Premium

    14   10:28pm Mon 13 Aug 2012   Share   Quote   Permalink   Like (2)   Dislike   Protected   TMAC54 says Why did it become DETACHED from REALITY in the first place ? When was it last ATTACHED to reality?

15. everything Follow Befriend (2) 3 threads 552 comments Madison, WI

    15   10:50pm Mon 13 Aug 2012   Share   Quote   Permalink   Like   Dislike   With interest rates like this, heck yeah RE is headed up, but with coming inflation, so are all the other inputs! My income is heading backwards not fast, but fast enough, I would not even dream of buying RE!

16. epitaph Follow Befriend (3) 5 threads 172 comments

    16   12:14am Tue 14 Aug 2012   Share   Quote   Permalink   Like (2)   Dislike   The FED has done everything they can to keep prices up, the problem with this is that when they undo all the special things they did to prop it up, it will be a huge burden and push prices back down(like when the first time home buyer tax credit ended). I'd rather buy when I see things return to normal and know that we are truly moving forward from this mess. Right now we could be turning the corner, but I'd rather not take the risk. I think housing isn't going to beat inflation till at least 2014.

17. American in Japan Follow Befriend (28) 149 threads 1,398 comments

    17   1:41am Tue 14 Aug 2012   Share   Quote   Permalink   Like (3)   Dislike   "help stabilize housing prices..." I always laugh when I hear this. There was no concern for "price stabilization" when house prices were shooting upward. I though stable meant resistant to all changes.

18. EastCoastBubbleBoy Follow Befriend (11) 104 threads 455 comments Premium

    18   2:44am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   Where was that leaked? Its rare that we all agree on anything these days.

19. Call it Crazy Follow Befriend 229 threads 2,781 comments

    19   6:21am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   EastCoastBubbleBoy says Its rare that we all agree on anything these days. Be careful what you wish for..... some of the regular posters haven't gotten out of bed yet .....

20. Call it Crazy Follow Befriend 229 threads 2,781 comments

    20   6:26am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   bmwman91 says If BenB gives a hot cash infusion to the cancer-riddled economy, then it will juice the stock and RE markets yet again. Interest rates can still go lower, and money can be printed to juice the economy for a little longer. We will continue to put band-aids on the economy's hemorrhaging femoral artery until we.....can't. That's a good point, I think that it's past the point of a stick save and Benny will try all the band-aids in his first aid kit to kick the can down the road. He'll juice it just enough to get us through the election in November.....

21. Call it Crazy Follow Befriend 229 threads 2,781 comments

    21   6:30am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   epitaph says I'd rather buy when I see things return to normal and know that we are truly moving forward from this mess. Right now we could be turning the corner, but I'd rather not take the risk. That, I believe, is the number one situation. Everyone is trying to guess if the market is truly moving forward. But, it's a guess..... Until there are definite signs to that point, most people are sitting on their hands and sitting on the sidelines.

22. macteago Follow Befriend 1 comments

    22   7:50am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   What is the source of the Fed Printing in September? They have been floating false rumors about printing all summer to keep the stock market perched up. Places like ZeroHedge would be all over it if there was actually a substantial source that there will be printing.

23. edvard2 Follow Befriend 34 threads 2,111 comments

    23   8:04am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   Depends on a lot of factors. Area, local economy, national economy, supply, prices, interest rates, etc. All I know is that we had friends come for Dinner this weekend. They're looking in Dublin CA. They have been outbid on every single house so far. The market here is weird and nobody really knows where its going. Now- what's happening in Atlanta, Austin, or Chicago? Dunno...

24. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

    24   8:53am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   Another interesting article from 2012, my favorite quote: "But realize that low inventory is completely artificial. Why? First, big home builders are in the market to make money. They are quick to respond to market trends. Don’t you think that new home construction would be rising if this were the actual case? Low inventory would be like a siren call for new home builders. Yet housing starts are still near record low levels." http://www.wealthwire.com/news/economy/3015

25. iwog Follow Befriend (48) 274 threads 12,572 comments 47 male Lafayette, CA Premium

    25   8:54am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   xenogear3 says Leaked that Ben will print more money in September. Not gonna happen. http://www.kitco.com/reports/KitcoNews20120814AS_update2.html

26. David9 Follow Befriend (3) 28 threads 747 comments Tarzana, CA

    26   9:09am Tue 14 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   On a little roll here, another article from 2012, and I couldn't resist this quote: "Phoenix isn’t the only place where banks are holding properties off the market." http://news.firedoglake.com/2012/04/29/bankers-are-still-wrecking-housing-market-fundamentals/

27. FortWayne Follow Befriend (13) 103 threads 3,764 comments

    27   9:11am Tue 14 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   No, salaries won't be rising. Some markets overheated with speculation and mal-investment and will be cooling down.... slowly. Watch some REIT's take significant hits as well as casual "investors" sell for losses or at break-even.

28. edvard2 Follow Befriend 34 threads 2,111 comments

    28   9:15am Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   Inventory is also a matter of location. In some areas where they're building new homes sure- that can change pretty quickly and the supply problem can be remedied. In areas like the Bay Area they aren't building new homes. Hence why there has historically been a low supply. I would agree to some extent with ForWayne: Investors might start unloading properties due to so many of them having bought at the same time after the crash. This could perhaps alleviate some of the supply issues in areas like the BA.

29. xenogear3 Follow Befriend 10 threads 419 comments

    29   8:14pm Tue 14 Aug 2012   Share   Quote   Permalink   Like (1)   Dislike   What do salary and wage have anything to do with house price? No one buy a $600k house with $80k wage. It comes from foreign investment, Facebook stock, interest only loan, etc.

30. Goran_K Follow Befriend (4) 25 threads 1,520 comments Laguna Beach, CA Premium

    30   8:52pm Tue 14 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   xenogear3 says It comes from foreign investment, Facebook stock, interest only loan, etc. Don't forget the Groupon and Zynga boys. They want their $1,000,000 3/2 as well.

31. uomo_senza_nome Follow Befriend (13) 787 threads 1,542 comments

    31   1:09pm Wed 15 Aug 2012   Share   Quote   Permalink   Like   Dislike   iwog says Not gonna happen. That's what it looks like. http://blogs.wsj.com/marketbeat/2012/08/15/ben-bernankes-waiting-game/ http://blogs.wsj.com/marketbeat/2012/08/15/goldman-sachs-no-qe3-at-september-meeting/

32. RentingForHalfTheCost Follow Befriend (8) 38 threads 2,018 comments Pleasanton, CA Premium

    32   8:32pm Thu 16 Aug 2012   Share   Quote   Permalink   Like   Dislike   Protected   Goran_K says xenogear3 says It comes from foreign investment, Facebook stock, interest only loan, etc. Don't forget the Groupon and Zynga boys. They want their $1,000,000 3/2 as well. You can't buy a house with Zynga virtual dollars and a Groupon discount coupon. In the virtual world these companies are doing great. However, in the real world of accounting they are having gobs of trouble trying to find real earnings. If Groupon was smart they would offer a free coupon to buy their shares at half-off. If Zynga developers had a clue, they would make a game where all the employees of a new online gaming company, that just went public, are fighting to make it to the exit first, before the fire engulfs the building along with all their virtual world data stored on tape backup. Both these companies will die worse than WebVan and Pets.com. Much worse.