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RentingForHalfTheCost
2013 Aug 10, 1:07pm
I look at this graph as all the colored area that pushed it above $10 back in 2011 is artificial. It will adjust back to $10 again. Already on its way and fast.
RentingForHalfTheCost
2013 Aug 10, 1:17pm
bigsby, he is a serial liar; you have more patience than me!
I'd be selling now if I had properties in Phoenix. Like no other seller. Just saying... There is nothing to carry the artificial real estate market further. The gig is up. If you hold, then be prepared to lose all the vapor wealth you brag about on here.
RentingForHalfTheCost
2013 Aug 10, 4:13pm
I am posting now that I am short DHI. Lets see what happens from here.
Bigsby
2013 Aug 10, 4:14pm
I am posting now that I am short DHI. Lets see what happens from here.
Very detailed.
RentingForHalfTheCost
2013 Aug 10, 4:20pm
I am posting now that I am short DHI. Lets see what happens from here.
Very detailed.
Okay, I really don't want to talk in dollars, because the market has done me very well since 2007. Lets say I have almost 10% of my worth riding on shorting the housing market right now. The other 90 is mostly in cash or equivalent. I expect that 10% to match my cash in about 6 months when this shit finally comes to roost!!! Cha-ching
RentingForHalfTheCost
2013 Aug 12, 6:43am
What? No comeback from the housing bulls. Silence is sometimes golden.
RentingForHalfTheCost
2013 Aug 12, 7:48am
What? No comeback from the housing bulls. Silence is sometimes golden.
I collected all my rent again this month. that is all the come back I need.
Nice! No medical bills this time. Keep that car running...
Bigsby
2013 Aug 12, 9:19am
What? No comeback from the housing bulls. Silence is sometimes golden.
I collected all my rent again this month. that is all the come back I need.
Nice! No medical bills this time. Keep that car running...
Keep the deletes coming...
RentingForHalfTheCost
2013 Aug 12, 9:56am
What? No comeback from the housing bulls. Silence is sometimes golden.
I collected all my rent again this month. that is all the come back I need.
Nice! No medical bills this time. Keep that car running...
Keep the deletes coming...
Before you made some sense, you were completely wrong, but it was not insane. Now you just talk gibberish!
Bigsby
2013 Aug 12, 11:39am
What? No comeback from the housing bulls. Silence is sometimes golden.
I collected all my rent again this month. that is all the come back I need.
Nice! No medical bills this time. Keep that car running...
Keep the deletes coming...
Before you made some sense, you were completely wrong, but it was not insane. Now you just talk gibberish!
Which word(s) did you not understand?
In Sonoma County I notice a lot more larger expensive homes are going on the rental market. I'm used to seeing shitty 1-2 bd mostly where I am (whine country) but the pickings are getting larger and fancier. Prices are levelling off and maybe even dropping a bit. I sense a new crop of landlords has bought into this market.
Just my non scientific observation. I've been checking Craigslist every day for the last 3 years for a decent rental.
retire59
2013 Aug 13, 2:56am
If you read the majority of articles about the all cash investors and investment firms, they all said that they are planning to hold onto the purchases and then sell in five to ten years, and renting their purchases. Maybe it has begun, but it will happen eventually based on what these articles regarding these purchases have stated, I.e. Blackstone....so we shall see....
RentingForHalfTheCost
2013 Aug 13, 3:08am
If you read the majority of articles about the all cash investors and investment firms, they all said that they are planning to hold onto the purchases and then sell in five to ten years, and renting their purchases. Maybe it has begun, but it will happen eventually based on what these articles regarding these purchases have stated, I.e. Blackstone....so we shall see....
Very true. However, people's actions and words have a weak relationship at the best of times. Once people fear that they will lose money, all bets are off. Take a look at this video. I love these parts
"keeping up with the Jones"
"One way of another the property price will still go up".
http://money.cnn.com/video/news/2013/08/09/n-chinese-homebuyers.cnnmoney/index.html
I see a huge potential problem with all this glut. It is driven by the premise of fundamentals don't matter, prices always go up. Even though we have seen that to not be true so recently.
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Getting more and more crowded out there in landlordville. This is only the beginning.
