Comments on: Best Example of the Real Estate Bubble http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/ A site to share my tips, tools, and humble thoughts on the journey to wealth Sun, 02 Oct 2011 19:26:45 +0000 hourly 1 http://wordpress.org/?v=abc By: framemaker developer http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/comment-page-1/#comment-2737 framemaker developer Wed, 18 Apr 2007 01:15:13 +0000 http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/#comment-2737 I'd love to see a followup to this post now that we have the subprime lending implosion well under way. I've been very focused on staying away from real estate and building up positions in stocks directly or via mutual funds, the last couple of years, and it hasn't been all heaven but it's been pretty good to me... I also wonder about "permanently hot" areas like New York City, the SF Bay Area, etc.. Some of us can't really move (my family's in New York, my job's in SF). Any comments? I’d love to see a followup to this post now that we have the subprime lending implosion well under way. I’ve been very focused on staying away from real estate and building up positions in stocks directly or via mutual funds, the last couple of years, and it hasn’t been all heaven but it’s been pretty good to me…

I also wonder about “permanently hot” areas like New York City, the SF Bay Area, etc.. Some of us can’t really move (my family’s in New York, my job’s in SF). Any comments?

]]> By: framemaker developer http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/comment-page-1/#comment-2738 framemaker developer Wed, 18 Apr 2007 01:15:12 +0000 http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/#comment-2738 I'd love to see a followup to this post now that we have the subprime lending implosion well under way. I've been very focused on staying away from real estate and building up positions in stocks directly or via mutual funds, the last couple of years, and it hasn't been all heaven but it's been pretty good to me... I also wonder about "permanently hot" areas like New York City, the SF Bay Area, etc.. Some of us can't really move (my family's in New York, my job's in SF). Any comments? I’d love to see a followup to this post now that we have the subprime lending implosion well under way. I’ve been very focused on staying away from real estate and building up positions in stocks directly or via mutual funds, the last couple of years, and it hasn’t been all heaven but it’s been pretty good to me…

I also wonder about “permanently hot” areas like New York City, the SF Bay Area, etc.. Some of us can’t really move (my family’s in New York, my job’s in SF). Any comments?

]]> By: Frugal http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/comment-page-1/#comment-2337 Frugal Wed, 31 Jan 2007 08:04:25 +0000 http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/#comment-2337 I believe the correction will last until mid to late 2009. Even if it stops going down, it will not go up at all. I believe the total return for buying a home now in the bubble zones will be 0% from now to 4 or 5 years later. Putting your money in any other place should give you better return. I believe the correction will last until mid to late 2009. Even if it stops going down, it will not go up at all. I believe the total return for buying a home now in the bubble zones will be 0% from now to 4 or 5 years later. Putting your money in any other place should give you better return.

]]> By: JC http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/comment-page-1/#comment-2336 JC Wed, 31 Jan 2007 05:44:14 +0000 http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/#comment-2336 After reading these two articles, I don't think the correction is short. It's now Jan. 2007, and the number of vacant homes for sale has surged 34%. http://www.marketwatch.com/news/story/number-vacant-homes-sale-surges/story.aspx?guid=%7BA09A933D-57BA-4583-BDF7-6E000DF9E74D%7D Kerkorian even slashed his home for sale by $7 million or 28%. http://www.post-gazette.com/pg/07026/757089-28.stm After reading these two articles, I don’t think the correction is short.

It’s now Jan. 2007, and the number of vacant homes for sale has surged 34%.

http://www.marketwatch.com/news/story/number-vacant-homes-sale-surges/story.aspx?guid=%7BA09A933D-57BA-4583-BDF7-6E000DF9E74D%7D

Kerkorian even slashed his home for sale by $7 million or 28%.

http://www.post-gazette.com/pg/07026/757089-28.stm

]]> By: Frugal http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/comment-page-1/#comment-1229 Frugal Fri, 08 Sep 2006 05:52:16 +0000 http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/#comment-1229 JC, I totally agreed. But I can't believe that there are people who talk about a short correction in real estate. Real estate markets are very different from stock markets. Usually there is no short correction period (besides seasonality). It's either all the way up or all the way down, a much slower and smoother function than the fast changes in the stock markets. JC,
I totally agreed.

But I can’t believe that there are people who talk about a short correction in real estate. Real estate markets are very different from stock markets. Usually there is no short correction period (besides seasonality). It’s either all the way up or all the way down, a much slower and smoother function than the fast changes in the stock markets.

]]> By: JC http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/comment-page-1/#comment-1228 JC Fri, 08 Sep 2006 05:47:36 +0000 http://www.1stMillionAt33.com/2006/09/best-example-of-the-real-estate-bubble/#comment-1228 By the time everyone waits for everyone else to cut prices, pricing will be at a whole NEW LOWER level. The smarter ones are trying to cut now, so they will not incur a bigger loss. By the time everyone waits for everyone else to cut prices, pricing will be at a whole NEW LOWER level. The smarter ones are trying to cut now, so they will not incur a bigger loss.

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