patrick.net

David9 says

Gosh, I cling to every word Time Warner writes. (the owner of Fortune magazine)

I get it. You're a cynic, which is a good and smart thing to be.

Of course, the vast majority of those who get paid to evaluate the economy say the recovery has finally begun. That doesn't mean prices will soar and it doesn't mean that the recovery has begun everywhere. I expect prices to go up very slowly for the foreseeable future (read decades). So as a pure investment, one needs to be careful.

I believe that there are still many places where renting is still the smart thing to do. But that list is shrinking everyday.

rooemoore says

(read decades).

No worries Dude. Correct, I am paranoid and I have been upside down in a property before, which is life inhibiting.
It's all in good debate. I do enjoy blogging.

rooemoore says

The Housing Recovery Is Officially Here!
http://www.theatlantic.com/business/archive/2012/10/the-housing-recovery-is-officially-here-what-happens-next/263754/

Atlantic ... or the East coast mentality.. sorry doesnt work well in Tech Hub of California. Its a sure fire way to ultimate doom and failure.

as todays article points out... WE really do need to continue to see lower housing prices to increase California productivity and allow innovation to flourish...

Bay Area's business climate is less friendly to startups than other parts of California, says study

By George Avalos
Contra Costa Times
Posted: 10/18/2012 10:43:17 AM PDT
Updated: 10/19/2012 08:10:22 AM PDT

http://www.mercurynews.com/business/ci_21801865/bay-areas-tough-business-climate-poses-challenges-startups

Relatively expensive housing, coupled with the high cost of living and doing business in the Bay Area, has made the nine-county region less hospitable to new companies than other big urban centers in California, according to a study released Thursday that urges improvements in what it describes as this area's burdensome regulatory climate.

"You have to ease the regulations that people face when they want to launch a new venture," said Jon Haveman, chief economist with the Bay Area Council's Economic Institute, which produced the report. "If somebody is trying to start a small business and spend a small fortune on a new home, they will probably start that business elsewhere."

rooemoore says

More good news!

Isn't that relative? Good for one is bad for another. There is no such thing as good or bad.

bubblesitter says

rooemoore says

More good news!

Isn't that relative? Good for one is bad for another. There is no such thing as good or bad.

A stronger economy with more jobs and higher pay is good for everyone but the misanthropes. Not saying we have that yet, but signs are finally pointing in the right direction.

Remember, there will not be another bubble and prices will rise very slowly, so no one will be priced out. Personally, I am not selling or buying a home in the next 10+ years. I am happy about housing turning around because it is a good sign for the overall economy. As a small business owner, this in very important to me.

The doom and gloomers on this site who seem to be hoping for a housing crash might as well be cheering for more homeless families and higher crime rates, because if housing tanked like they wish it would, that is what would happen.

thomaswong.1986 says

Wow, look - Home prices are going up!

It's called a rally. Happens all the time, folks. This one is driven by investors REITs.