patrick.net

If you are not in the market for housing right now, buy the right stocks.
Do not miss out on the once in a lifetime opportunity.

BWAHAHAHAHAHAHA

So you guys think the boom is all BS. The market is not done crashing. Anyone who buys property is an idiot.
If you don't believe me, believe Warren Buffett. His advice is to buy housing now. That genius is never wrong.

War says

Raw says

So you guys think the boom

What "boom"?

Sonic boom!

Can I invest into foreclosures and gas prices instead? Seems like a more appropriate thing to do...

War says

Raw says

So you guys think the boom

What "boom"?

Or it could be a boom from behind.

well considering what has happened from housing booms from the past 30 years, which results into Wealth Lost and Recession where everyone gets nailed badly..... dont you think we should be putting brakes on so called housing BOOMS..

Ultimately everyone loses from so called Housing Booms, has history proven wrong... All I see is someone trying to re-ignite some heard mentality right towards the next deep cliff.

Sounds like you need an Intervention... drop the crack pipe!

thomaswong.1986 says

Raw says

So you guys think the boom is all BS. The market is not done crashing. Anyone who buys property is an idiot.

well considering what has happened from housing booms from the past 30 years, which results into Wealth Lost and Recession where everyone gets nailed badly..... dont you think we should be putting brakes on so called housing BOOMS..

Ultimately everyone loses from so called Housing Booms, has history proven wrong... All I see is someone trying to re-ignite some heard mentality right towards the next deep cliff.

Sounds like you need an Intervention... drop the crack pipe!

Absolutely not. We lose from a housing crash not a housing boom, so lets do something about that. Right now we need a boom to help us recover fully from the crash. A housing boom will lead to more confidence, investments, building etc. We need the jobs and the tax revenues.
Let's roll up our sleeves and start buying homes.

Well,all I know this debt boom is gonna hurt USA for a while...Booms happens out of phantom money - Money that does not exist. Hence the painful down fall when people do not have enough resources to pay it back.

http://www.brillig.com/debt_clock/

Need a fresh patsies and commissions boom but the unborn have all been allocated already. What's a banker to do!?

The real estate boom that has only just begun cannot be classified as having a phantom money base. Most of the buyers are paying real cash or high down payments. This is a very healthy foundation to spring from.

Raw says

We lose from a housing crash not a housing boom,

what were the consequences of the home price inflation (boom) of late 80s, and most recently.. Hello where have you been... Why do you think we are loosing mfg and R&D jobs in places like SF Bay Area.

As Robert Shiller has proven, Home prices over the long run barely keep up with inflation. The further you get ahead of that normal trend the worse the correction.

thomaswong.1986 says

We lose from a housing crash not a housing boom,

what were the consequences of the home price inflation (boom) of late 80s, and most recently.. Hello where have you been...

In the late 1980's home prices increased 70% and then declined 25% for 7 years. It did not happen all over america.

thomaswong.1986 says

Why do you think we are loosing mfg and R&D jobs in places like SF Bay Area.

Because we cannot compete with China who is the world's lowest cost manufacturer. Let them make toys, and let us make jumbo jets. When we trade everyone is better off.

thomaswong.1986 says

As Robert Shiller has proven, Home prices over the long run barely keep up with inflation. The further you get ahead of that normal trend the worse the correction.

Where does he say that? California home prices outpace inflation by a wide margin.

Raw says

In the late 1980's home prices increased 70% and then declined 25% for 7 years. It did not happen all over america.

Raw says

Where does he say that? California home prices outpace inflation by a wide margin.

Oh course! sarcasm!