The housing wrench

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JOVARN

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Wondering if the housing bubble is placing fear insome investors and many are jumping back into the market allowing for themarket to drive itself. Who would have guessed that in the month of August with the consumer debt report out and with oil being at $62 the market would have reacted the way it did. I would suspect a big sell off today. I went 100% G onFriday and paid for it on Tuesday.

The gamblers story.
 
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To many new houses are being built to maintain the current level of housing prices.

I.E. you have 5M cars on the lot and only 1M customers - you have to drop the prices to move product.

They can not build 200 houses and have them sit empty - they will have to drop the prices which will cause the houses that are not new to drop.

Not a crisis - an economic reality.

You wizard. :D
 
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DMA-

Say what you want about where you live, but here in Tampa we have no inventory. People are placing FSBO signs in there front yard and selling them in two days. New construction all over the place has waiting lists (as of 3 days ago), and this is with strong language in their contracts to deter investors. I'm not sure what market you are looking at, but it doesn't look that way here.
 
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DMA wrote:
To many new houses are being built to maintain the current level of housing prices.

I.E. you have 5M cars on the lot and only 1M customers - you have to drop the prices to move product.

They can not build 200 houses and have them sit empty - they will have to drop the prices which will cause the houses that are not new to drop.

Not a crisis - an economic reality.

You wizard. :D
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the flood of baby boomers to florida all want to be on or near h2o.....only so much waterfront and beach property. (very little left without mitigating )

it's supply and demand.....our new stuff down here is all sold in pre-construction. hell folks sell before they finish constructionfor 50k

realtor friend told me yesterday he is running out of listings. if you find yourself in this kind of market why not flip a few homes????

if you are not in a hot area move...or at least buy a rental where u can make some jack.
 
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Condoflip dot com is heavy into Florida property.

Only bubbles are in our bathtub.

:D Let florida get hit by four or five more hurricanes this year and see what will happen.

Tampa Bay this time last year had584 houses on reality . con - now 3039.

Capacity. Supply/demand.

Economics 101. :^.

Let them interest rates go up....see how many more pop up for sale. :shock:
 
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I'm seeing the same thing here in Hawaii and also in California. I've also noticed the same pattern in AZ and NE. Brother in law in San Antonio just bought a home and he noticed the same thing. Here in Hawaii, they are currently building 5 big condominiums and they were all presold. I would have to say that a bust is coming up but I don't see it happening this year and maybenot even next year. Real estate is not as fluid as stocks so just like a speeding train, it will take a while before we see them drop...:^P
 
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DMA wrote:
Condoflip dot com is heavy into Florida property.

Only bubbles are in our bathtub.

:D Let florida get hit by four or five more hurricanes this year and see what will happen.

Tampa Bay this time last year had584 houses on reality . con - now 3039.

Capacity. Supply/demand.

Economics 101. :^.

Let them interest rates go up....see how many more pop up for sale. :shock:
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BS !!!!

while you have been on mars we had the worst hurricane season in over 100 years last year.

http://househuntnews.com/mr.php?c=fl-amelia-island
 
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Housing drops faster then stocks.

I was in Bangkok Thailand over the weekend.

Stayed at the Ritz. Looked out of my window and counted 19 new condo buildings over 20 stories being built - just in the area I could see.

Property section in the newspaper had over seven pages of condos (pre built) for sale.

I would say if Florida gets hit by a ton of hurricanes this season you will see AZ and NM boom. People are tired of the "elements".

One good earthquake in CA and you will have them moving like ants again to Oregon and Wash State.

Once again housing prices fall much faster then stocks. You can not bail in two seconds on a property. :^
 
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Five years previous hurricanes were very light.

One year will not scare em away. You have two or three or four years in a row and people will through their hands up and move.

Nothing like waking up in the morning and your house is out to sea.

and nothing like having to evacuate a dozen times a year to really put a damper on that ocean breeze on your face.

:^
 
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DMA wrote:
Housing drops faster then stocks.

I was in Bangkok Thailand over the weekend.

Stayed at the Ritz. Looked out of my window and counted 19 new condo buildings over 20 stories being built - just in the area I could see.

Property section in the newspaper had over seven pages of condos (pre built) for sale.

I would say if Florida gets hit by a ton of hurricanes this season you will see AZ and NM boom. People are tired of the "elements".

One good earthquake in CA and you will have them moving like ants again to Oregon and Wash State.

Once again housing prices fall much faster then stocks. You can not bail in two seconds on a property. :^
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look mt all u want 2 do is argue and throw out negative crap.:X

stox, real estate, bonds, etc all arepoor investments...get a life, get some help....please.

things are not all negative;)
 
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Not being negative.

Tech bubble was replaced by housing bubble due to emergency rates.

Naz went down 70%. Housing will go down at least that if not more.

Wages must keep up to housing prices. Last five years some parts of the U.S. housing prices have gone up over 100% while wage growth is barely pushing 10% during this period.

Interest rates are rising.

If reality is being negative then I am negative.

Sell your house now and RENT. :^
 
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and buy foreign currencies.

We will be importing inflation and exporting currency appreciation.

I have exactly .82 cents in USDs.

.82 cents to much - IMHO.

Lots of AUD, Kiwi, Maples, Thai, PI, Korean, Chinese and Singapore currency in my pasture.

Worst stock market in the last two years - U.S. - :^

:D:D:D:D:D
 
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chart-2.gif


:shock::shock::shock::^
 
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teknobucks wrote:
why wouldwe want to leave this place??? :^

http://www.ameliaisland.org/

my mortgages are less than the going rental rates.....HELLO dma/mt/greg or whatever handle u want to use here.....can u understand a positive point of view ????
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Owning is called a renter with privileges.

Privilege to pay property taxes and take "paper gain" home equity gain hits. :^

I rent a 2M house for 3500 a month. Hell the property tax on this house is over 1.2K per month. The idiot that owns it is using the house as a ATM with "paper gain" home equity gains of 1-2% each month.

Wait until homes go down 1-2% a month for 10 months and see what happens.

Lots of cheap new stuff will come to market.

Walk into one bubble to the next and do not even see it.

:sYour home should not be going up 30% a year. Just like tech stocks should not of gone up 30% a year. :^

Humans - dumbest animals on the planet. :^
 
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DMA wrote:
I rent a 2M house for 3500 a month. Hell the property tax on this house is over 1.2K per month. The idiot that owns it is using the house as a ATM with "paper gain" home equity gains of 1-2% each month.

Wait until homes go down 1-2% a month for 10 months and see what happens.

Lots of cheap new stuff will come to market.

Walk into one bubble to the next and do not even see it.

:sYour home should not be going up 30% a year. Just like tech stocks should not of gone up 30% a year. :^

Humans - dumbest animals on the planet. :^
Click to expand...
BS!

u may be happier on this site.... http://www.urinal.net/
 
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Reality is a painful thing.

You would be happer on.

itwillonlymeltup.com

:shock:Crude over 61, raising interest rates, credit cards increasing minimum payments.

Yeap - it is going to rock. :^
 
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