patrick.net

Blindweb says

The only things I see that can save the market are a change in government to socialism or fascism, a miracle energy technology, or the U.S. blowing up the rest of the world leading to a large influx of people.

We need no government change to either (though you seem to allude that would be good).
We need the govt. returning to what it was in FDR/Truman times:
balanced budget; limited entitlements (with high SS age relative to life span); consistent, generous investments into the future - infrastructure development, industrial policy, education, science and technology; vigorous suppression of unamerican activities internally; unapologetic use of overwhelming force against external adversaries; rational and patriotic education; controlling excesses of wealth; focus on domestic energy sources and nuclear power. Some (such as at the "Institute of Historic Review") think that was "fascism". So be it.

We need no miracle energy technology. We need aggressive development of nuclear power (with govt. overriding and removing environmental, NIMBY and other opposition), solar power, unapalogetic use of military force to defend and secure the lawful property and concessions of US oil companies abroad, hydroelectric power where reasonable, and broad latitude for domestic oil and gas drilling. Roughly in that order.

We need not blow up anyone to get large influxes of immigrants, there are more willing than we can take as is. We need a rational points-based immigration policy selecting for skills, youth, wealth, and English proficiency (similar to Canada and Australia with some tweaks) and ENFORCE it by whatever means necessary.

Why the Housing Market is Three Times Worse Than You Think
http://realestate.yahoo.com/promo/why-the-housing-market-is-three-times-worse-than-you-think.html

Add it all up, and NAR's 8.6 month official backlog triples to about two years or so.

Landru3000 says

Blindweb says

Wow, you people are still arguing using data during the peak of the U.S. empire, and the world’s economic expansion. We’re on the verge of a 100+ year change in society; a change from an oil society, and fossil fuel eventually, to something else. Yet you all insist on using the old data.

Whether you are right or wrong within the scope of your argument is irrelevant, your scope is way too small.

This place is beat. Peace Out.

Whoa. Who the hell was that?

Apocalypse with moderate views!

Some shadow inventory economics 101 for 2009 bottom callers:

http://realestate.yahoo.com/promo/why-the-housing-market-is-three-times-worse-than-you-think.html

klarek says

This?

http://finance.yahoo.com/news/Home-prices-fall-for-8th-rb-2501952475.html;_ylt=Al0ZudKgb3H7SXD8fQEq02W7YWsA;_ylu=X3oDMTE1aDdzdHAxBHBvcwMzBHNlYwN0b3BTdG9yaWVzBHNsawNob21lcHJpY2VzZmE-?x=0&sec=topStories&pos=main&asset=&ccode=

Why are people bullish? Because they need a place to live and usually have to pay for that place. Owning isn't for everybody, but honestly, economics aside, don't you get tired of your landlord's nonsense?

sfvrealestate says

Owning isn’t for everybody, but honestly, economics aside, don’t you get tired of your landlord’s nonsense?

I have owned two homes, and I have rented 7 or 8 places. The only "nonsense" I have had to put up with is a landlord trying to charge for damage that I didn't cause (and that worked out OK, but there was some BS involved), and a landlord who is rather cheap on the repairs (but took care of the important things). So, really, I haven't had much landlord nonsense to deal with -- NOTHING compared to the maintenance nonsense that I had to deal with.

Maybe I have gotten lucky, or maybe it's because I'm an excellent tenant and they treat me well to keep me. But honestly, not much nonsense.

klarek says

Amazing, isn’t it? 8th month in a row of declining prices.

Is it? Higher food/gas prices, loans harder to get, the slow job market, people underwater on their current homes, people waiting for the market to bottom out...

StoutFiles says

klarek says

Amazing, isn’t it? 8th month in a row of declining prices.

Is it? Higher food/gas prices, loans harder to get, the slow job market, people underwater on their current homes, people waiting for the market to bottom out…

Throw in the spices of higher rate and govt pullout(if at all it happens) and you know what would happen.