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I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN

 
Who Me
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08/18/2013 06:42 PM
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I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
Anonymous Coward
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08/18/2013 06:59 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
don't be scare, BE PREPARED...foreclose all your properties and buy a cave.... you'll be just fine!!!
Anonymous Coward
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08/18/2013 07:20 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
thanks op
Anonymous Coward
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08/18/2013 07:25 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
Important objective info, thanks
Fred
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08/18/2013 07:46 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


This is my suspicion in Northern California as well. Starting late July suddenly saw for sale signs popping up all over the place. Normal buyers have been largely priced out, prices will have to start dropping to sell this stuff.
Buck Zander

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08/18/2013 07:52 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
Who Me, when did the demand dry up in 2008? What month(s)? Thx



5* + PR

Last Edited by Buck Zander on 08/18/2013 07:53 PM
There must be a law that people can't lie.
Anonymous Coward
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08/18/2013 07:55 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


Not as long as rental rates keep climbing...
Buck Zander

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08/18/2013 07:57 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


Not as long as rental rates keep climbing...
 Quoting: Anonymous Coward 39464638


Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned.
There must be a law that people can't lie.
Buck Zander

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08/18/2013 08:18 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
Too many to pin


bump
There must be a law that people can't lie.
Anonymous Coward
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08/18/2013 08:27 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
Financial MSM has been leaking that ALL the recent run up in housing was hedge funds and REITs buying multifamily homes.

They can get HUD money from a couple of units to pay for the entire building when you factor in different tax credits.
Anonymous Coward
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08/18/2013 08:31 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
There are no jobs to support increase in RE.
You can't buy a house working at PayLess Shoes.
No jobs and houses become worthless - look at Detroit.
Anonymous Coward
User ID: 22124161
United States
08/18/2013 08:33 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


Not as long as rental rates keep climbing...
 Quoting: Anonymous Coward 39464638


Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned.
 Quoting: Buck Zander


Actually its investors buying up properties..thats why
banks are holding...investors are buying with banks money
at low rates...the they are renting out the properties...
the next collapse will be in a few years...once investors
have the property they will rent and not maintain...suck the
property dry and then go belly up leaving the banks with
nowhere to go...the investors will walk away...property
will be worthless.
Anonymous Coward
User ID: 45285432
New Zealand
08/18/2013 08:35 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


The fact that you characterised this as a controlled collapse tells me you aren't a capitalist. You probably stack supermarket shelves..but a capitalist you aint.
Anonymous Coward
User ID: 45285432
New Zealand
08/18/2013 08:38 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


Not as long as rental rates keep climbing...
 Quoting: Anonymous Coward 39464638


Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned.
 Quoting: Buck Zander


Actually its investors buying up properties..thats why
banks are holding...investors are buying with banks money
at low rates...the they are renting out the properties...
the next collapse will be in a few years...once investors
have the property they will rent and not maintain...suck the
property dry and then go belly up leaving the banks with
nowhere to go...the investors will walk away...property
will be worthless.
 Quoting: Anonymous Coward 22124161


Bollix. All this says is that rental housing is going to be a desirable portfolio asset for investment pools in the future.
Anonymous Coward
User ID: 45285432
New Zealand
08/18/2013 08:38 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


Not as long as rental rates keep climbing...
 Quoting: Anonymous Coward 39464638


Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned.
 Quoting: Buck Zander


Actually its investors buying up properties..thats why
banks are holding...investors are buying with banks money
at low rates...the they are renting out the properties...
the next collapse will be in a few years...once investors
have the property they will rent and not maintain...suck the
property dry and then go belly up leaving the banks with
nowhere to go...the investors will walk away...property
will be worthless.
 Quoting: Anonymous Coward 22124161


Bollix. All this says is that rental housing is going to be a desirable portfolio asset for investment pools in the future.
Anonymous Coward
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United States
08/18/2013 08:40 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The collapse will come in September when the Fed tapers, at the very latest. They will have to collapse the stock market to save the bond market beforehand (before the taper on sept 19).

Real estate prices got a juice from once in a lifetime low interest rates, we'll never see rates again at that level.
Anonymous Coward
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08/18/2013 08:43 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
...


Not as long as rental rates keep climbing...
 Quoting: Anonymous Coward 39464638


Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned.
 Quoting: Buck Zander


Actually its investors buying up properties..thats why
banks are holding...investors are buying with banks money
at low rates...the they are renting out the properties...
the next collapse will be in a few years...once investors
have the property they will rent and not maintain...suck the
property dry and then go belly up leaving the banks with
nowhere to go...the investors will walk away...property
will be worthless.
 Quoting: Anonymous Coward 22124161


Bollix. All this says is that rental housing is going to be a desirable portfolio asset for investment pools in the future.
 Quoting: Anonymous Coward 45285432

Sorry but if you look at what is going on you will see that
what I am saying is correct.
Rentals are a bubble...when people cant afford to buy they
rent..investors are the real market for these homes..and
they are turning them into rentals...like I said...very
little upfront money from investors..financing at very low
rates...renting at high rates with no outlay...it will fall
apart. Do what you want but I would sit this one out...
only people who own there property will be able to maintain..
and I don't mean people with a mortgage...I mean own.
Anonymous Coward
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United States
08/18/2013 08:57 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


The ONLY person that was literally spot on about the real estate crash on GLP was Dervish. You get all kinds of assholes claiming that they called it with zero proof.

And the fact you are calling another one so soon leads me to believe that you are of course, full of shit.
Anonymous Coward
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08/18/2013 08:59 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


The fact that you characterised this as a controlled collapse tells me you aren't a capitalist. You probably stack supermarket shelves..but a capitalist you aint.
 Quoting: Anonymous Coward 45285432


lol
SaveUSa

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United States
08/18/2013 09:03 PM

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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


I've been on the institutional investment side of things (commercial real estate) for over 20 years now, and have to agree with the OP that something is brewing. In fact, other than Multifamily, the markets have yet to really recover since the fall in 2007, and they appear to be backtracking a bit in some areas of the country now. Liquidity is again becoming sparse, which is what occurred right before the last implosion.

Last Edited by SaveUSa on 08/18/2013 09:04 PM
Within the surreal depths of "reality" lies the truth.
Anonymous Coward
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08/18/2013 09:06 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


So when should I be buying a house (to live in, not invest)?
Anonymous Coward
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United States
08/18/2013 09:27 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


OP what do you think the result of the storm is going to be?

Personally, I see real estate dropping like a rock with people flooding the market trying to get out. I see rental properties having a lot larger presence.
Anonymous Coward
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08/18/2013 09:28 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


So when should I be buying a house (to live in, not invest)?
 Quoting: Anonymous Coward 45131225


Give it a few months, I'm doing the same thing, waiting to buy a house to live in.
Anonymous Coward
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United States
08/18/2013 11:50 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
The market literally caught fire 12 months ago and didn't stop until recently with some subtle increases in interest rates and the demand weakening. The government has done everything in it's power to ignite the market, but the miscalculated on several levels. The jobs don't sustain current RE prices and now we are on the brink, the brink of something catastrophic.

1) Buying mortgage back securities by the FED to control interest rates.
2) Slowing down the process of short sales by the banks.
3) Slowing down the process of REO's by the banks.


Although many other measures were put in place, this is literally what spurred consumer spending, new home construction, a massive demand in the market and values skyrocketing.

As the owner of hundreds of properties as well as internet search platforms for real estate, I was able to determine that all demand literally stopped for real estate in July/August of 2008 just before the controlled collapse. This time it's a lot different. The buyers are gone for our properties, the search volume is down dramatically on our sites and something big is brewing. I don't know how the storm will look this time around, but my guess is October/November something very large will happen again. Don't be nervous, be prepared!!
 Quoting: Who Me


So when should I be buying a house (to live in, not invest)?
 Quoting: Anonymous Coward 45131225


Give it a few months, I'm doing the same thing, waiting to buy a house to live in.
 Quoting: Anonymous Coward 45300414



I almost bought a house in cash a year ago. Glad to hear that prices are going down even more. Actually, in Oregon (where I live), we now have the 2nd highest foreclosure rate.
Anonymous Coward
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08/18/2013 11:57 PM
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Re: I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN
and if you are spot off?