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When will residential real estate hit bottom?
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2010 Feb 17, 6:42am 133,675 views 602 comments
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ArtimusMaxtor
2012 Jun 22, 9:11pm
He is printing money during a meeting.
That can be controlled and the prices inflated so easily its obvious. First only a GD fool would trade Gold for paper to begin with. I have over 300,000 dollars worth of gold. I bought in the 70s for 30,000. I'm not selling it to any gold dealer understanding what they are doing. Very few people understand gold. They think its like pork futures or rye. Gold is a simple thing. Iron and bauxite are just a precious. Whats contained in them is not very complicated to me. However most people don't understand. Whats being played now is a game for fools. Gold unlike cash is not a measurement of time. Money is time. Time that is measured to favor someone else. Gold really belongs where it is. Taken by people who are greedy. Who don't realize there the trail of their destruction begins.
New Renter
2012 Jun 23, 5:12am
"When will residential real estate hit bottom?"
Simple.
When prices reach early 1990's levels, inflation adjusted. We're a very long way from that level.
Prices Are falling.
Word!
Never. We have entered the new age of contraction.
The end of growth. A good thing since we have finite resources.
But the economic pain, including a house slowly declining in value forever, is part of it.
91604 (Studio City, CA) has 136 properties for sale. There are 527 Bank-owned properties in the same zip code. 527! And that's not even including delinquent borrowers. Studio City is a pretty ritzy area. I wouldn't look for a housing bottom anytime soon - MUCH LESS any appreciation.
FortWayne
2012 Jul 19, 9:09am
No one is going to buy into a losing proposition. So RE won't start to appreciate until it is worth it to buy into real estate.
American RE market priced America out of it and hence you are seeing this prolonged slump. Slump of people who bought into it waiting for a bailout, dicking around with banks. And buyers obviously in no hurry to waste their money as there is no good reason to buy right now.
On a positive note, at least capital won't be tied up in unproductive real estate flipping and might move into business ventures.
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Please do not comment about your local real estate market. Nationwide, when and why do you think residential real estate will bottom out and begin to rebound to the point where prices not only stabilize but actually begin to appreciate?
#housing