Housing not facing bust, Just normalcy : experts

REUTERS ^ | 09/14/2006 | Patrick Rucker

[1035rep]

That was not his/her last post. He/she was posting today

[Toddsterpatriot]

Hydroshock's last post

[RegulatorCountry]

The thread could've been pulled. I recall two accounts being temporarily suspended, and one being banned, all at the same time, on a bubble thread that was pulled. Somebody outed somebody else; the outer got zotted and the outee got a timeout.

[jennyjenny]

Is it safe for me to come out from under the bed?

[MonroeDNA]

Doom and Gloom WIllie Green apostles are deeply saddened.

[apackof2]

Even when they've been banned?

Sorry but its too hard to keep up with all the bannings nowadays

[ex-Texan]

You hit the nail on it's head. The condo craze is pretty goofy. All those lock boxes clutter up the view. The picture speaks for itself.

Out here in Oregon, mortgage companies recently increased their television advertising blitz. A commercial just aired urging people to take out a loan on their home equity. The ad actually said, "More money to spend, and with today's low loan rates, you will be ahead every month." That ad was run on a local news report about realtors and the local housing slump. They interviewed some people who were upset because they cannot sell their homes. Then featured a veteran house flipper who moved upwards into a pricey downtown loft. Of course, he made his money two years ago. The news ended on an up beat note: "Home prices are expected to rise again by the end of the year."

Meaning, the reporter expects home prices to continue downward. Until the end of the year. The report left out the cautionary "Maybe . . ."

[nopardons]

A lot late to the "party", but thanks for the ping. :-)

[little jeremiah]

I talked to several realtors in the last week or two. Some on the phone, and I visited several offices. The offices are empty, except for a few realtors at desks. Several of them admitted that there is *nothing* *happening* *at* *all*. Dead. D.E.A.D. Dead, as in "not breathing". One laughed in a rather brittle way about having to find a job soon if it doesn't improve. They told me about many price reductions, and nothing moving.

I also noticed in our weekly paper (it's a small area, but the RE market is the same in two counties, lots of Californians move up here) that a lot of the new construction houses are now renting! Odd, ain't it?

[goldstategop]

I may have to face a reduction in how much I can get for the sale of my home. But its not as big a drop as I feared.

(No more Olmert! No more Kadima! No more Oslo! )

[stainlessbanner]

Thanks - I enjoy learning about both sides of the housing/RE debate.