patrick.net

Did I miss something? Outside of wild imaginations of lame-stream media government stenographers and NRA, did housing recovery ever take place?

What housing "recovery"?

http://www.multpl.com/case-shiller-home-price-index-inflation-adjusted/

Do we really want house prices to "recover" to bubble-levels? That's wouldn't be a "recovery" but rather a "return to insanity."

Huh? What recovery?

Well, in the article it mentioned that the amount of foreclosures and short sales had fallen and that "normal" houses were selling more. The possibility- even as mentioned by a few of the housing investors here- is that the price of foreclosures has perhaps risen to levels that doesn't make them as appetizing as they were before.

There is also very little inventory out there right now. So it could be as simple as people not being actually able TO buy houses because there are less of them overall to buy.

What happens if inventory all of the sudden becomes available? In my circle, retirees have been selling some of their houses and moving into condos. If the BA has a lot of old money, this will likely satiate the demand part of the equation, aside from any inventory the banks are holding on to.

Who knows? When we were looking there were an awful lot of totally full open houses. I've noticed some of the "crap" that nobody even then was really looking at is now selling, so people seem to be getting desperate. I'm going to gander that if inventory jumps and interest rates remain as low as they are that that demand won't be satiated anytime soon.

CL said: What happens if inventory all of the sudden becomes available
Speaking of inventory, I noticed your old place just hit the market. Wanna buy it? I'll write you a second against my HELOC for -- well, cheaper than what you can find from a bank. We'll be a true pat.net success story. Hmmmm.... I'm already having second thoughts -- has that area stabilized?

In a fiat money system - anything goes.

If house prices triple from here it is no worry - interest rates will be 1% for 30 year fixed loan and we will keep on truckin.

I need to "RECOVER" from a revelation. The only entities using the "R" word stand to profit from artifice confidence building. Realtors, Banksters, Gubmint, Flippers etc.