Comments on: It’s official: housing is a “bust” http://centerblue.org/315/its-official-housing-is-a-bust/ Center-left commentary for a world in trouble Tue, 06 Jul 2010 04:19:36 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Joe http://centerblue.org/315/its-official-housing-is-a-bust/comment-page-1/#comment-13937 Joe Fri, 31 Aug 2007 05:42:49 +0000 http://centerblue.org/2007/07/26/its-official-housing-is-a-bust/#comment-13937 Thanks bud :) I'm still here..just taking it easy for a little while. I felt like I needed a break, and I'm working on some other projects. I'll be writing again, and was recently thinking it was time. Thanks for thinking of me..it's nice to be missed! :) Thanks bud :) I’m still here..just taking it easy for a little while. I felt like I needed a break, and I’m working on some other projects. I’ll be writing again, and was recently thinking it was time.

Thanks for thinking of me..it’s nice to be missed! :)

]]> By: Ted White http://centerblue.org/315/its-official-housing-is-a-bust/comment-page-1/#comment-13936 Ted White Thu, 30 Aug 2007 20:58:26 +0000 http://centerblue.org/2007/07/26/its-official-housing-is-a-bust/#comment-13936 Where the hell have you been? I miss reading you. Where the hell have you been? I miss reading you.

]]> By: Joe http://centerblue.org/315/its-official-housing-is-a-bust/comment-page-1/#comment-13892 Joe Fri, 27 Jul 2007 04:41:50 +0000 http://centerblue.org/2007/07/26/its-official-housing-is-a-bust/#comment-13892 Sunchaser, I would definitely wait to buy. Most of the toxic mortgages people are drowning in were issued mid '05 to mid '06. Since most of them were the 2 year adjustable rate type of thing, they are all only beginning to reset to the much higher rates people can't afford now. This problem will get much much worse before it gets better, foreclosures will spike much higher, which is good news to any potential buyer willing to be patient and wait for prices to fall further. The only way I would buy now is if I were willing to commit to staying in the place for at least 5 years to a decade, because it could take that long for prices to recover to what they were. Sunchaser, I would definitely wait to buy. Most of the toxic mortgages people are drowning in were issued mid ’05 to mid ’06. Since most of them were the 2 year adjustable rate type of thing, they are all only beginning to reset to the much higher rates people can’t afford now. This problem will get much much worse before it gets better, foreclosures will spike much higher, which is good news to any potential buyer willing to be patient and wait for prices to fall further.

The only way I would buy now is if I were willing to commit to staying in the place for at least 5 years to a decade, because it could take that long for prices to recover to what they were.

]]> By: sunchaser http://centerblue.org/315/its-official-housing-is-a-bust/comment-page-1/#comment-13891 sunchaser Thu, 26 Jul 2007 23:27:45 +0000 http://centerblue.org/2007/07/26/its-official-housing-is-a-bust/#comment-13891 Dow down again big today based on those fears. It's going to be interesting to see what the fallout is. I'm wondering if Robert Shiller won't be right again with his bubble theory. I was going to hunt for a place to buy finally, but now I"m wondering if it's worth the effort, if things keeps falling. Maybe it would be better to wait until Shiller advises his own daughter to buy? Dow down again big today based on those fears. It’s going to be interesting to see what the fallout is. I’m wondering if Robert Shiller won’t be right again with his bubble theory.

I was going to hunt for a place to buy finally, but now I”m wondering if it’s worth the effort, if things keeps falling. Maybe it would be better to wait until Shiller advises his own daughter to buy?

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