US Housing Market set to crash hard - WickedFire - Affiliate Marketing Forum

$5 Submissions · 10-05-2006, 09:19 PM

http://www.latimes.com/classified/re...ome-realestate

Good thing the stock market is picking up.

engaged · 10-05-2006, 09:20 PM

Oh bam, sold my house last week. PHEW. I'm soooo nervous.

aeiouy · 10-05-2006, 09:34 PM

California's housing market has been ridiciulous for a long time now. You can buy a rundown slum in Compton for the same price you can get 4000 square foot 5 bedroom house in many other parts of the country.

Stanley · 10-05-2006, 09:37 PM

real estate markets dont work the same way as stock markets
a "real estate crash" takes months or years to happen

personally I hope everyting slows down so I can buy a condo somewhere in manhattan within 12 months. recessions are the best time to go shopping for real estate

Jdog · 10-05-2006, 09:54 PM

Yeah, permits are way down. We are building way less than half the amount of houses per month than we were 2 months ago. Jobs on hold blah blah blah. From everything I've seen it is supposed to stay flat or go down a little bit until the middle of 07.

Jon · 10-05-2006, 09:59 PM

NYC is still rising.. wish it would crash.

Stanley · 10-05-2006, 10:03 PM

Quote:

Originally Posted by Jon

NYC is still rising.. wish it would crash.

would you buy if it did?

hitzatak · 10-05-2006, 11:31 PM

How can we help make the crash inevitable? I want to own property there.

kyleirwin · 10-06-2006, 01:02 AM

It's been slowing down here (so cal) for a while now... still rediculously expensive, but still slowing down.

roozbeh007 · 10-06-2006, 01:08 AM

Quote:

Originally Posted by engaged

Oh bam, sold my house last week. PHEW. I'm soooo nervous.

dude, you just sold all of your stocks a few days ago, now your house, what are you planning to do?

ZooYork · 10-06-2006, 01:27 AM

Manhattan prices are just ridicoulous right now.A studio rental in a decent neighborhood starts at around $1300.

engaged · 10-06-2006, 09:28 AM

Quote:

Originally Posted by roozbeh007

dude, you just sold all of your stocks a few days ago, now your house, what are you planning to do?

I'm not sure... I applied to HBS so if I get in that is going to cost about 130K. If I don't get in I'll probably put most if it in a CD for a few months, day trade some of it. Daytrading is more fun than gambling!

L146705 · 10-06-2006, 01:17 PM

a good sign of house prices carshing is if the interest rates are rocketing up.

tangem2 · 10-06-2006, 01:22 PM

Quote:

Originally Posted by L146705

a good sign of house prices carshing is if the interest rates are rocketing up.

interest rates rising has a depressing effect on all asset values, not just homes.

Stanley · 10-06-2006, 01:42 PM

Quote:

Originally Posted by tangem2

interest rates rising has a depressing effect on all asset values, not just homes.

how much higher do you think we're going?

sknydave · 10-06-2006, 01:49 PM

I'm waiting at least a year before I buy anything.

Jdog · 10-06-2006, 01:51 PM

If you are in a hot market and looking to buy a new house, December is the time to do it. Because of the new sarbanes oxly (sp?) rules, builders have to take a loss on the land they bought at inflated prices. The loss will be the difference in what they paid to what it is worth today, which isn't much. Builders in places like Vegas and I'm assuming Florida will be taking million dollar hits, so they will be doing whatever it takes to make up what they can. This equals huge incentives in December.

tangem2 · 10-06-2006, 02:05 PM

Quote:

Originally Posted by stanley

how much higher do you think we're going?

I wish i knew the answer to that question definitively...cause I would mortgage everything i own, buy a seat on the exchange, setup a JBO (joint back office) to get the maximum haircut, and then load up on that trade.

Deliguy · 10-06-2006, 05:10 PM

Quote:

Originally Posted by ZooYork

Manhattan prices are just ridicoulous right now.A studio rental in a decent neighborhood starts at around $1300.

Thats crazy, fuck that i would move, here in oregon i'm only spending 1,000/month for a 5 bd 2bth, 2 living room, two kitchen, den and bar house. You couldn't convince me to spend 1300 on a studio.

but i suppose in different areas there are also differences in per capita income. Like average oregonians probably don't make on average more than californians do. So the price differences may just be natural to the income.

engaged · 10-06-2006, 05:15 PM

I'm moving to northern california and looking at apartments this weekend. I'm looking at spending $1400/mth for a 1 bed, 1 bath around 650 sq. ft.

Fun times!

John · 10-06-2006, 05:16 PM

Quote:

Originally Posted by Deliguy

Thats crazy, fuck that i would move, here in oregon i'm only spending 1,000/month for a 5 bd 2bth, 2 living room, two kitchen, den and bar house. You couldn't convince me to spend 1300 on a studio.

but i suppose in different areas there are also differences in per capita income. Like average oregonians probably don't make on average more than californians do. So the price differences may just be natural to the income.

Holy fuck thats crazy, I should move to oregon. The apartment I'm looking at getting right now is a 2 bd, 2bath for $1900/month.

Stanley · 10-06-2006, 05:52 PM

you're not paying apartment, you pay for the view you get when you look out your window

emp · 10-06-2006, 05:55 PM

Engaged, where is that from:

In the Ferrari or Jaguar switchin four lanes
With the top down screamin out
Money ain't a thang

??

::emp::

sknydave · 10-06-2006, 06:16 PM

Quote:

Originally Posted by John

Holy fuck thats crazy, I should move to oregon. The apartment I'm looking at getting right now is a 2 bd, 2bath for $1900/month.

Yeah, what area of Oregon?

tangem2 · 10-06-2006, 06:30 PM

Quote:

Originally Posted by emp

Engaged, where is that from:

In the Ferrari or Jaguar switchin four lanes
With the top down screamin out
Money ain't a thang

??

::emp::

Money aint a thing - Jermaine Dupri And Jayz

Deliguy · 10-06-2006, 09:18 PM

Quote:

Originally Posted by sknydave

Yeah, what area of Oregon?

roseburg. its central oregon right below eugene.

$5 Submissions · 10-07-2006, 06:07 AM

Quote:

Originally Posted by aeiouy

California's housing market has been ridiciulous for a long time now. You can buy a rundown slum in Compton for the same price you can get 4000 square foot 5 bedroom house in many other parts of the country.

Yep. Same with Echo Park and Culver City. Something's gotta give. Just simple economics.

CreationNation · 10-07-2006, 01:38 PM

Been a long time coming and I'm glad it's happening. The market never should have gotten as crazy as it was anyhow. We started looking about 3-4 years ago, and should have gotten the $330,000 place we once looked at, because it went up to about $650,000 here in Northern Virginia! One model we were looking at ove the course of a couple years went from costing $350,000 to $535,000 - ridiculous. That same model is back down to around $400-430,000 now so my goal is now set (Aspirations Into Done Deeds: Wicked Fire Under Your Ass) and we're looking to buy next year.

10-05-2006, 09:19 PM	#1 (permalink)
$5 Submissions Senior Member Join Date: Jun 2006 Location: Global Posts: 1,921 iTrader: 4 / 100%	US Housing Market set to crash hard http://www.latimes.com/classified/re...ome-realestate Good thing the stock market is picking up. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Make More Money off Downloaders They UPLOAD - You Make Money

10-05-2006, 09:20 PM	#2 (permalink)
engaged I can get it juicy for ya Join Date: Jan 2007 Posts: 1,484 iTrader: 2 / 100%	Oh bam, sold my house last week. PHEW. I'm soooo nervous. Share Share this post on Digg Del.icio.us Technorati Twitter

10-05-2006, 09:34 PM	#3 (permalink)
aeiouy Senior Member Join Date: Sep 2006 Posts: 926 iTrader: 0 / 0%	California's housing market has been ridiciulous for a long time now. You can buy a rundown slum in Compton for the same price you can get 4000 square foot 5 bedroom house in many other parts of the country. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Wickedfire is spanish for F'ed Up Make Wickedfire a better place. Click Here Hakuna Matata

10-05-2006, 09:37 PM	#4 (permalink)
Stanley Join Date: Jun 2006 Location: San Diego Posts: 3,418 iTrader: 3 / 100%	real estate markets dont work the same way as stock markets a "real estate crash" takes months or years to happen personally I hope everyting slows down so I can buy a condo somewhere in manhattan within 12 months. recessions are the best time to go shopping for real estate Share Share this post on Digg Del.icio.us Technorati Twitter

10-05-2006, 09:54 PM	#5 (permalink)
Jdog Join Date: Aug 2006 Location: Phoenix Posts: 4,324 iTrader: 2 / 100%	Yeah, permits are way down. We are building way less than half the amount of houses per month than we were 2 months ago. Jobs on hold blah blah blah. From everything I've seen it is supposed to stay flat or go down a little bit until the middle of 07. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Copeac Rocks! Bluehat SEO Must Read!

10-05-2006, 11:31 PM	#8 (permalink)
hitzatak Bangin' the Kok Join Date: Aug 2006 Location: Bangkok, Thailand Posts: 927 iTrader: 2 / 100%	How can we help make the crash inevitable? I want to own property there. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Left of Me a Thai magazine scans website featuring hot, sexy, beautiful Thai girls.

10-06-2006, 01:02 AM	#9 (permalink)
kyleirwin Banned Join Date: Jun 2006 Location: Carlsbad Posts: 1,819 iTrader: 1 / 100%	It's been slowing down here (so cal) for a while now... still rediculously expensive, but still slowing down. Share Share this post on Digg Del.icio.us Technorati Twitter

10-06-2006, 01:27 AM	#11 (permalink)
ZooYork The nYc State of Mind Join Date: Jul 2006 Posts: 152 iTrader: 0 / 0%	Manhattan prices are just ridicoulous right now.A studio rental in a decent neighborhood starts at around $1300. Share Share this post on Digg Del.icio.us Technorati Twitter

10-06-2006, 01:17 PM	#13 (permalink)
L146705 Senior Member Join Date: Aug 2006 Posts: 290 iTrader: 2 / 100%	a good sign of house prices carshing is if the interest rates are rocketing up. Share Share this post on Digg Del.icio.us Technorati Twitter

10-06-2006, 01:49 PM	#16 (permalink)
sknydave Takanori Gomi > You Join Date: Jul 2006 Location: Miami, FL Posts: 590 iTrader: 0 / 0%	I'm waiting at least a year before I buy anything. Share Share this post on Digg Del.icio.us Technorati Twitter

10-06-2006, 01:51 PM	#17 (permalink)
Jdog Join Date: Aug 2006 Location: Phoenix Posts: 4,324 iTrader: 2 / 100%	If you are in a hot market and looking to buy a new house, December is the time to do it. Because of the new sarbanes oxly (sp?) rules, builders have to take a loss on the land they bought at inflated prices. The loss will be the difference in what they paid to what it is worth today, which isn't much. Builders in places like Vegas and I'm assuming Florida will be taking million dollar hits, so they will be doing whatever it takes to make up what they can. This equals huge incentives in December. Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Copeac Rocks! Bluehat SEO Must Read!

10-06-2006, 05:15 PM	#20 (permalink)
engaged I can get it juicy for ya Join Date: Jan 2007 Posts: 1,484 iTrader: 2 / 100%	I'm moving to northern california and looking at apartments this weekend. I'm looking at spending $1400/mth for a 1 bed, 1 bath around 650 sq. ft. Fun times! Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Never got shot, but I get capped. My offers capped when I do a buy.

10-06-2006, 05:52 PM	#22 (permalink)
Stanley Join Date: Jun 2006 Location: San Diego Posts: 3,418 iTrader: 3 / 100%	you're not paying apartment, you pay for the view you get when you look out your window Share Share this post on Digg Del.icio.us Technorati Twitter

10-06-2006, 05:55 PM	#23 (permalink)
emp Join Date: Jun 2006 Posts: 5,818 iTrader: 17 / 100%	Engaged, where is that from: In the Ferrari or Jaguar switchin four lanes With the top down screamin out Money ain't a thang ?? ::emp:: Share Share this post on Digg Del.icio.us Technorati Twitter __________________ Get your own Bot army! Use promo code blindape199 That's because all programmers are also ninjas.(but not all ninjas are programmers) - LogicFlux Blind Ape Seo

10-07-2006, 01:38 PM	#28 (permalink)
CreationNation Senior Member Join Date: Jun 2006 Posts: 324 iTrader: 0 / 0%	Been a long time coming and I'm glad it's happening. The market never should have gotten as crazy as it was anyhow. We started looking about 3-4 years ago, and should have gotten the $330,000 place we once looked at, because it went up to about $650,000 here in Northern Virginia! One model we were looking at ove the course of a couple years went from costing $350,000 to $535,000 - ridiculous. That same model is back down to around $400-430,000 now so my goal is now set (Aspirations Into Done Deeds: Wicked Fire Under Your Ass) and we're looking to buy next year. Share Share this post on Digg Del.icio.us Technorati Twitter

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