0
0

When Can We Call it a "Buyers Market?"


 invite response                
2006 Aug 1, 1:17am   30,046 views  215 comments

by SQT15   ➕follow (0)   💰tip   ignore  

foreclosure for dummies

Scores of realtors® are throwing out the term "buyers market" hoping to lure buyers into purchasing the ever increasing inventory of overpriced $hitboxes that are currently on the market.

But most housing bears still aren't buying it. Is it because homes are still way too high in value? Or do you think it's just too early to say the buyers now have the advantage?

At what point would you call it a "buyers market?" What will you look for?

#housing

« First        Comments 213 - 215 of 215        Search these comments

213   Different Sean   2006 Aug 2, 9:59am  

http://en.wikipedia.org/wiki/Original_affluent_society

The "Original affluent society" is a theory postulating that hunter-gatherers were the original affluent society. This theory was first articulated by Marshall Sahlins at a symposium entitled "Man the Hunter" held in Chicago in 1966. The significance of the theory stems from its role in shifting anthropological thought away from seeing hunter-gatherer societies as primitive, to seeing them as practitioners of a refined mode of subsistence from which much can be learned.

At the time of the symposium new research by anthropologists, such as Richard B. Lee’s work on the !Kung of southern Africa, was challenging popular notions that hunter-gatherer societies were always near the brink of starvation and continuously engaged in a struggle for survival (Barnard, 197). Sahlins gathered the data from these studies and used it to support a comprehensive argument that states that hunter-gatherers did not suffer from deprivation, but instead lived in a society in which "all the people’s wants are easily satisfied" (Sahlins, Man, 85).

214   astrid   2006 Aug 3, 11:32am  

cajun,

Thanks for writing and I hope we'll see more of you here in the future. I think you're getting on a very important point that patrick.net's blog crowd usually only touch on, which is the utility function for someone like you (money relatively not a concern, settled) is quite different from the utility function of young people (still have their fortune to make, unsettled, can move easily). Although financially it might make sense for folks like you to move elsewhere, that extra money isn't necessarily worth the hassle and the severing of old friendships.

Still, maybe sell and then go renting in the BA for a couple years could work for you. You might lose a low tax basis (could be important, especially if you're on fixed income or have kids you like to pass the house to) but you could gain a lot more money to spend in the BA and take some money off the table.

215   Sylvie   2006 Aug 8, 1:36pm  

SHTF and Harm:

I have already gone before you and came to the same conclustion fall 05. I even took more of a risk I took a temporary assignment to see if I would like the south. I'm in SC it's got it's own kind of charm but like you said lacking alot of the amenities of LA. I think if you can find a job to support the kind of lifestyle you want you'll do fine. I too got tired of the "waiting game". Am I homesick? god yes. I don't think it's the place but more it's your adaptability.

I until my divorce six years ago I was never mobile I see alot of you have traveled and lived in different parts of the US and abroad. My SO and I have decided this will suffice in the short term until a better job situation presents itself for either of us. The good thing about renting is you can pick up takes until you find that perfect fit. I'm still searching for mine. It's cheap to live here for now.

Cajun is right I'm 48 and that california is gone forever. Globalization killed the middle class there as did illegal immigration. Only in my fantasy will it ever become affordable, uncrowded, commuter friendly. I don't know if I'll ever return but I'll always miss my friends and family. Good luck and godspeed.

« First        Comments 213 - 215 of 215        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste