patrick.net

But when? I want to be prepared.

APOCALYPSEFUCKisShostikovitch says

I think the general consensus at PatNet is Cannibal Anarchy is inevitable.

I read genital consensus for a moment! Must be a sign of the immediate impending doom of cannibal anarchy!

I have a warehouse full of yams for down payments when the blood is running in the streets.

Honestly, there are people on Patrick.net that make much more intelligent arguments than most national articles do.

I'm just curious to hear if either the bulls or bears would like to add to the lists in the article, or have their own prediction.

hrhjuliet says

I'm just curious to hear if either the bulls or bears would like to add to the lists in the article, or have their own prediction.

Sellers want money than what buyers are willing to pay. Seller wins. As simple as that.

SFace says

hrhjuliet says

I'm just curious to hear if either the bulls or bears would like to add to the lists in the article, or have their own prediction.

Sellers want money than what buyers are willing to pay. Seller wins. As simple as that.

Only if the seller isn't motivated by other factors.

You know, job loss, divorce, medical expenses, death, that sort of thing.

New Renter says

SFace says

hrhjuliet says

I'm just curious to hear if either the bulls or bears would like to add to the lists in the article, or have their own prediction.

Sellers want money than what buyers are willing to pay. Seller wins. As simple as that.

Only if the seller isn't motivated by other factors.

You know, job loss, divorce, medical expenses, death, that sort of thing.

Then all those qualitative factors need to be measured. There is one that is all wrapped nicely into one: consumer confidence index. Feb and Macrh 2014 are 78.3 and 82.3 respectively

http://future.aae.wisc.edu/data/monthly_values/by_area/998?grid=true

I just don't think consumer confidence will hit the 70's which means those job losses, divorves, medical bills, etc are not a factor. In fact it is likely less of a factor which means seller should be confident not to sell.

It's important to argue the case here, since almost every article to be found outside of Patrick.net cites the only expert as realtor.com, which is a ridiculous source. Why do so many people mindlessly believe the realtors to be the only experts, and why do they never consider that they might be extremely biased and totally invested in spinning it to look like the housing market is always on the rise? It's obnoxious to see realtors as the only opinion cited in most major newspapers.

So please, keep the dialogue going here. It's bound to be far more interesting and informative on both sides.

I don't understand the question. Will houses be selling? Of course. There is a ton of capital available for people to buy them.

Will the 92 million people out of the workforce qualify? No.

Will house prices collapse soon? No, but it's appearing like some places are a bubble. Your location may vary.

Does it matter? Not to me.

Does anyone else have any additions to the NPR lists?

THat article is obviously a phony.

There hasn't been a white guy swinging a hammer on a construction site for over 7 years now.

Obviously a fabricated concoction complete with stock photos taken from a glory day bygone era.

Call it Crazy says

hrhjuliet says

Come on Patrick.net, let us show them how it's really done. We can make far more interesting and intelligent points than this article.

Ha Ha Ha... You've been here at Patnet long enough... Intelligent points from here??? Good luck with that!!

Damn! We're in trouble. CiC just made an intelligent point. rofl

CaptainShuddup says

THat article is obviously a phony.

There hasn't been a white guy swinging a hammer on a construction site for over 7 years now.

Obviously a fabricated concoction complete with stock photos taken from a glory day bygone era.

I hate to admit this cracked me up. Good one Captain. :-)