tag:blogger.com,1999:blog-13164186.post859817423775305392..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: The Housing Bear Growls and Gets HeardDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger25125tag:blogger.com,1999:blog-13164186.post-91494408118496347602007-05-03T14:41:00.000-04:002007-05-03T14:41:00.000-04:00"Why did you buy if you couldn't make payments on ..."Why did you buy if you couldn't make payments on one income?<BR/><BR/>Inquiring minds and etc. "<BR/><BR/><BR/>Yeah, um, why should women be allowed to work at all in fact. WTF are you talking about?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-16786743631912289752007-04-29T20:35:00.000-04:002007-04-29T20:35:00.000-04:00Who is this David Rathgeber? I never heard of him ...Who is this David Rathgeber? I never heard of him and his report does not provide any data at all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-28057672855747971862007-04-29T15:05:00.000-04:002007-04-29T15:05:00.000-04:00I bought in Arlington in 2004 for 460k. My wife an...<I>I bought in Arlington in 2004 for 460k. My wife and I are getting crushed by the mortgage payments. Considered selling until the realtor said she could only get us 400k IF she could even find a buyer. </I><BR/><BR/>Why did you buy if you couldn't make payments on one income?<BR/><BR/>Inquiring minds and etc.beebshttps://www.blogger.com/profile/06732015734925672642noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-54109765978174107582007-04-28T00:39:00.000-04:002007-04-28T00:39:00.000-04:00Housing takes a long time to shake out. People wil...Housing takes a long time to shake out. People will stay put and wait for their price, forever in some cases. I got neighbors who have listed at 100K over their 06 purchase price, "I'm making my 100K on y flip or I'm not sellin'!!!" And guess what It ain't selling, so he's staying. At some point down the road, he'll sell at a reasonable price. When? Is anyone's guess. What you end up with, is sellers sitting on their I want this price and no buyers willing t opay it or who can qualify for that price as standards tighten.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-18186313982766295122007-04-27T17:14:00.000-04:002007-04-27T17:14:00.000-04:00How do you like this moron -http://www.davidr.net/...How do you like this moron -<BR/>http://www.davidr.net/report.htm<BR/>His reports are beating Lance in every aspect.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-18946390012993385622007-04-27T16:07:00.000-04:002007-04-27T16:07:00.000-04:00"I bought in Arlington in 2004 for 460k. My wife a..."I bought in Arlington in 2004 for 460k. My wife and I are getting crushed by the mortgage payments. Considered selling until the realtor said she could only get us 400k IF she could even find a buyer. "<BR/><BR/><BR/>Then you really got ripped off in 2004, because prices are generally still above 2004 levels.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-82236814961386323032007-04-27T15:36:00.000-04:002007-04-27T15:36:00.000-04:00It is too bad this blog has gone from a daily upda...It is too bad this blog has gone from a daily update kind of thing to a maybe twice a week format... with the top story being nothing but a report on what another blog is reporting for three days...<BR/><BR/>Oh yeah, and any meaningful discussion is all but impossible in the comments section because I can mail a letter across the country quicker than the new comments are screened and appear.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-9379226310566295522007-04-27T13:59:00.000-04:002007-04-27T13:59:00.000-04:00James,Here, here. That graph creates a very stark...James,<BR/><BR/>Here, here. That graph creates a very stark picture of just how out of whack the last 6 years have been. I have been saying all along that the ride down is going to take a long time, and the graph not only suggests it is just starting, but shows how far it has to go to get back down to historically high levels.<BR/><BR/>Here is another tidbit.<BR/><BR/>Economic growth slowest in four years<BR/>Latest reading shows just 1.3% growth, far less than forecasts, hurt by weakness in housing, business spending.<BR/>By Chris Isidore, CNNMoney.com senior writer<BR/>April 27 2007: 12:25 PM EDT<BR/><BR/>NEW YORK (CNNMoney.com) -- Economic growth sank to the slowest pace in four years in the first quarter, the government reported Friday, as the weak housing market, coupled with higher prices, took a big bite out of the world's largest economy.<BR/><BR/>While a slowdown had been expected, the reading came in far weaker than most economists' forecasts. Sluggish spending by businesses was another culprit.<BR/><BR/>"We are seeing housing affecting consumers," said Michael Strauss, chief economic for Commonfund, an asset manager serving not-for-profit clients. "We're seeing a major drag on discretionary spending."Caveat Emptorhttps://www.blogger.com/profile/14417158283171016454noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-38838355588760488762007-04-27T12:31:00.000-04:002007-04-27T12:31:00.000-04:00I bought in Arlington in 2004 for 460k. My wife an...I bought in Arlington in 2004 for 460k. My wife and I are getting crushed by the mortgage payments. Considered selling until the realtor said she could only get us 400k IF she could even find a buyer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-72605053370394508352007-04-26T18:15:00.000-04:002007-04-26T18:15:00.000-04:00From today's (4/25) WSJ:IndyMac Bancorp Inc., one ...From today's (4/25) WSJ:<BR/><BR/>IndyMac Bancorp Inc., one of the largest U.S. providers of Alt-A loans, on Thursday posted a 34% drop in first-quarter profit as overdue loans rose and it earned less from selling its loans into the secondary market. The Pasadena, Calif., company earned $52.4 million, or 70 cents a share, compared with $79.8 million, or $1.18 a share, a year earlier. IndyMac shares, which have been down more than 30% this year, fell 79 cents or 2.6% to $30.18 in recent trading.Caveat Emptorhttps://www.blogger.com/profile/14417158283171016454noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-40906811061977244802007-04-26T13:29:00.000-04:002007-04-26T13:29:00.000-04:00Here's the start of your DC metro area housing dec...Here's the start of your DC metro area housing decline:<BR/><BR/><A HREF="http://www.jparsons.net/housingbubble/washington.html" REL="nofollow">http://www.jparsons.net/housingbubble/washington.html</A><BR/><BR/>The way down will probably be longer and slower than the way up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-60417266209473176842007-04-26T11:11:00.000-04:002007-04-26T11:11:00.000-04:00"Vote Republican and maybe you'll get the major te..."Vote Republican and maybe you'll get the major terrorist attack you're hoping for."<BR/><BR/>Sadly, things are not that easy. I don't think the terrorists care which party is in office.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-89216818274452713502007-04-25T17:20:00.000-04:002007-04-25T17:20:00.000-04:00your censorship is why you are not permitted to ha...your censorship is why you are not permitted to have a real blog with a functioning comments seciont. have fun with comment moderation. lololol!!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-12325062549630634522007-04-25T16:54:00.000-04:002007-04-25T16:54:00.000-04:00anon 11:31No where did I state it had declined 4% ...anon 11:31<BR/>No where did I state it had declined 4% a year for the past 3 years, I was demonstrating what could happen. Year 1 is already in the books . . . what happens in year 2 and 3 . . . who knows it was just a math exercise.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-73354073582776534952007-04-25T14:31:00.000-04:002007-04-25T14:31:00.000-04:00"After 3 years of a decline of 4% and a real decli..."After 3 years of a decline of 4% and a real decline of 8% that 500k house is now only ~390k, or about a 22% decline over three years."<BR/><BR/>You think prices have been declining for 3 years? You should read this blog to correct that misconception.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-19463274251817397012007-04-25T14:28:00.000-04:002007-04-25T14:28:00.000-04:00Here's your price drophttp://tinyurl.com/29lho3 4...Here's your price drop<BR/>http://tinyurl.com/29lho3 <BR/><BR/>4.33% DOWN YOY<BR/><BR/>-KevinKevinhttps://www.blogger.com/profile/05977544509339744762noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-75309406815887142422007-04-25T12:23:00.000-04:002007-04-25T12:23:00.000-04:00In real terms they have dropped. According to MRI...In real terms they have dropped. According to MRIS Fairfax area median price dropped ~3.5% YOY March 06 to March 07. If you believe the governments bogus inflation #s of ~3.5-4%, that's a real decline of ~7-8%. After 3 years of a decline of 4% and a real decline of 8% that 500k house is now only ~390k, or about a 22% decline over three years. Let's say house prices are flat for 5 years . . . that's still approx. a real decline of ~20% taking inflation into account.<BR/><BR/>I agree houses are still way too high, but it's a real slow moving train wreck, it takes years to crash and clean up. The housing market is cyclical with about an 18 year cycle peak to peak. And inflation is a #@!$Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-90456187121026527452007-04-25T12:16:00.000-04:002007-04-25T12:16:00.000-04:00"Well, I have been waiting for prices to drop. Not..."Well, I have been waiting for prices to drop. Nothing has happened. Prices are way too high still. It will take a disaster for prices to drop (significantly not a measly 1% or 2%) around here. Any thoughts. "<BR/><BR/>Vote Republican and maybe you'll get the major terrorist attack you're hoping for.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-86666732922365374932007-04-25T11:42:00.000-04:002007-04-25T11:42:00.000-04:00Well, I have been waiting for prices to drop. Noth...Well, I have been waiting for prices to drop. Nothing has happened. Prices are way too high still. It will take a disaster for prices to drop (significantly not a measly 1% or 2%) around here. Any thoughts.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-3188091269823529912007-04-25T09:36:00.000-04:002007-04-25T09:36:00.000-04:00Sellers are getting desperate in No Va See invento...Sellers are getting desperate in No Va See inventory piling up and sellers are shaking now.<BR/><BR/>Take the prices down to sane levels and just maybe a buyer may appear. Frig off.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-19077183550639438212007-04-25T07:30:00.000-04:002007-04-25T07:30:00.000-04:00close to the city has bought some more time, but F...close to the city has bought some more time, but Frederick, Hagerstown, Gaithersburg, Columbia, Annapolis, and most of NOVA is dropping - acceptance is serenityAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-78354317724055270242007-04-25T01:06:00.000-04:002007-04-25T01:06:00.000-04:00Anonymous said... "Well, the drop is too small to ...Anonymous said... <BR/>"Well, the drop is too small to make any difference in the big picture. There's no RE bubble in DC."<BR/><BR/>Not in NoVA..<BR/>Not in DC..<BR/>Not in DC proper..<BR/>Not in my zip code..<BR/>Not on my street...<BR/>Not on my block..<BR/>Not on my house.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-51374398251595861202007-04-24T23:41:00.000-04:002007-04-24T23:41:00.000-04:00Well, the drop is too small to make any difference...Well, the drop is too small to make any difference in the big picture. There's no RE bubble in DC.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-33444018513116466892007-04-24T21:55:00.000-04:002007-04-24T21:55:00.000-04:00From CNBC.com:The housing decline will continue "f...From CNBC.com:<BR/><I>The housing decline will continue "fast and maybe even faster" than predictions, said David Blitzer, the managing director at Standard & Poor's and chairman of the S&P 500 Index Committee.</I><BR/><BR/>Here's the entire article, with video:<BR/>http://www.cnbc.com/id/18289837/site/14081545Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-13164186.post-11459961950506257232007-04-24T13:33:00.000-04:002007-04-24T13:33:00.000-04:00yeah i saw that too on the drudge. I think its gr...yeah i saw that too on the drudge. I think its great Matt put that in row 2 line 1.Kevinhttps://www.blogger.com/profile/05977544509339744762noreply@blogger.com