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| 03:35 AM | ||
| Users Online Now: 1,429 (Who's On?) | Visitors Today: 171,117 | |
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| 03:35 AM | ||
I WAS SPOT on in 2008 with the Real Estate and Market Collapse - AND NOW I AM CALLING IT AGAIN | |
| Who Me Offer Upgrade  User ID: 40761893  United States08/18/2013 06:42 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 18081307 United States08/18/2013 06:59 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 18998741 United States08/18/2013 07:20 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 44143603 United States08/18/2013 07:25 PM Report Abusive Post Report Copyright Violation | |
| Fred User ID: 45186361 United States08/18/2013 07:46 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! 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 User ID: 26745463  Canada08/18/2013 07:52 PM Report Abusive Post Report Copyright Violation | 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 User ID: 39464638 United States08/18/2013 07:55 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! Not as long as rental rates keep climbing... |
| Buck Zander User ID: 26745463 Canada08/18/2013 07:57 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! Not as long as rental rates keep climbing... 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 User ID: 26745463 Canada08/18/2013 08:18 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 45351467 United States08/18/2013 08:27 PM Report Abusive Post Report Copyright Violation | 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 User ID: 45192200 United States08/18/2013 08:31 PM Report Abusive Post Report Copyright Violation | |
| Anonymous Coward User ID: 22124161 United States08/18/2013 08:33 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! Not as long as rental rates keep climbing... Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned. 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 Zealand08/18/2013 08:35 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! 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 Zealand08/18/2013 08:38 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! Not as long as rental rates keep climbing... Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned. 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. 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 Zealand08/18/2013 08:38 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! Not as long as rental rates keep climbing... Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned. 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. 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: 40458469 United States08/18/2013 08:40 PM Report Abusive Post Report Copyright Violation | 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 User ID: 22124161 United States08/18/2013 08:43 PM Report Abusive Post Report Copyright Violation | Rental rates climb with demand. Ask yourself why there would be increasing demand for rentals and decreasing demand for owned. 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. Bollix. All this says is that rental housing is going to be a desirable portfolio asset for investment pools in the future. 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 User ID: 45287610 United States08/18/2013 08:57 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! 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 User ID: 45287610 United States08/18/2013 08:59 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! 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.  |
| SaveUSa User ID: 37256203 United States08/18/2013 09:03 PM  Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! 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 User ID: 45131225 United States08/18/2013 09:06 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! So when should I be buying a house (to live in, not invest)? |
| Anonymous Coward User ID: 45300414 United States08/18/2013 09:27 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! 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 User ID: 45300414 United States08/18/2013 09:28 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! So when should I be buying a house (to live in, not invest)? Give it a few months, I'm doing the same thing, waiting to buy a house to live in. |
| Anonymous Coward User ID: 45131225 United States08/18/2013 11:50 PM Report Abusive Post Report Copyright Violation | 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. Quoting: Who Me 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!! So when should I be buying a house (to live in, not invest)? Give it a few months, I'm doing the same thing, waiting to buy a house to live in. 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 User ID: 11401586 United States08/18/2013 11:57 PM Report Abusive Post Report Copyright Violation | |
