Comments on: The Current Real Estate Correction — When’s The Recovery? http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/?utm_source=rss&utm_medium=rss&utm_campaign=the-current-real-estate-correction-whens-the-recovery Real Estate Investing Through Purposeful Planning Sun, 20 May 2012 02:11:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: What First Time Home Buyers in California Want to Know « PorchLightScott http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1066 What First Time Home Buyers in California Want to Know « PorchLightScott Wed, 23 Apr 2008 05:26:33 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1066 [...] Here is what i’m finding:  The market is continuing to correct as it always has and always will.  My opinion is that there is still a lot of inventory out there and that home prices will continue to drop as reality hits the banks with ”short sale hold out syndrome” and the residual time bombs left by the trillion plus dollars worth of adjustable rate notes yet to reach the maturity of thier introduction rates or recast periods in the case of negative amortization loans. [...] [...] Here is what i’m finding:  The market is continuing to correct as it always has and always will.  My opinion is that there is still a lot of inventory out there and that home prices will continue to drop as reality hits the banks with ”short sale hold out syndrome” and the residual time bombs left by the trillion plus dollars worth of adjustable rate notes yet to reach the maturity of thier introduction rates or recast periods in the case of negative amortization loans. [...]

]]> By: San Mateo Real Estate Blog: Vicki Moore http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1065 San Mateo Real Estate Blog: Vicki Moore Sun, 02 Sep 2007 04:51:06 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1065 [...] See Jeff Brown’s blog for a possible answer to that. This entry was posted on Saturday, September 1st, 2007 at 9:51 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. [...] [...] See Jeff Brown’s blog for a possible answer to that. This entry was posted on Saturday, September 1st, 2007 at 9:51 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. [...]

]]> By: The Feed Bag - Refried and Served Again http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1064 The Feed Bag - Refried and Served Again Sun, 05 Aug 2007 20:22:47 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1064 [...] Jeff Brown turns into The History Channel. I’d mock it, but it’s a good read. The Current Real Estate Correction — When’s The Recovery?  [...] [...] Jeff Brown turns into The History Channel. I’d mock it, but it’s a good read. The Current Real Estate Correction — When’s The Recovery?  [...]

]]> By: Cher http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1063 Cher Wed, 01 Aug 2007 06:15:12 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1063 Bawdguy, You're history....hee hee Great article. good evidence that history repeats itself and that R.E. is cyclical which means that prices WILL go up again sometime in this century. The patience is that hardest for me during the flat periods. Bawdguy, You’re history….hee hee
Great article.
good evidence that history repeats itself and that R.E. is cyclical which means that prices WILL go up again sometime in this century.
The patience is that hardest for me during the flat periods.

]]> By: Jeff Brown http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1062 Jeff Brown Tue, 31 Jul 2007 05:38:39 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1062 Wait 'till my kids see me called the HIstory Channel in writing. I'll never hear the end of it. :) Thanks Athol. Wait ’till my kids see me called the HIstory Channel in writing. I’ll never hear the end of it. :)

Thanks Athol.

]]> By: Jeff Brown http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1061 Jeff Brown Tue, 31 Jul 2007 05:37:38 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1061 Chris - I didn't know what interest rates under 7.5% - mostly 8% looked like until I was in the business for over 20 years. My first few years all I every heard from the older guys and clients were how they had 4% loans on their homes with payments under $180 PITI. When I saw my first 5% 30 year fixed rate loan, I thought I'd died and gone to Heaven. :) Seriously? I think we'll see 5.5% again before we get close to 8%. The end of the world is when you're celebrating because rates went down into single digits. :) Been there, did that - no fun. Chris – I didn’t know what interest rates under 7.5% – mostly 8% looked like until I was in the business for over 20 years.

My first few years all I every heard from the older guys and clients were how they had 4% loans on their homes with payments under $180 PITI.

When I saw my first 5% 30 year fixed rate loan, I thought I’d died and gone to Heaven. :)

Seriously? I think we’ll see 5.5% again before we get close to 8%.

The end of the world is when you’re celebrating because rates went down into single digits. :) Been there, did that – no fun.

]]> By: The Feed Bag http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1059 The Feed Bag Tue, 31 Jul 2007 01:23:49 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1059 [...] Jeff Brown turns into The History Channel. I’d mock it, but it’s a good read. The Current Real Estate Correction — When’s The Recovery? Required Reading. [...] [...] Jeff Brown turns into The History Channel. I’d mock it, but it’s a good read. The Current Real Estate Correction — When’s The Recovery? Required Reading. [...]

]]> By: The Feed Bag http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1060 The Feed Bag Tue, 31 Jul 2007 01:23:49 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1060 [...] Jeff Brown turns into The History Channel. I’d mock it, but it’s a good read. The Current Real Estate Correction — When’s The Recovery? Required Reading. [...] [...] Jeff Brown turns into The History Channel. I’d mock it, but it’s a good read. The Current Real Estate Correction — When’s The Recovery? Required Reading. [...]

]]> By: Chris Lengquist http://bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1058 Chris Lengquist Mon, 30 Jul 2007 23:35:49 +0000 http://www.bawldguy.com/the-current-real-estate-correction-whens-the-recovery/#comment-1058 I think I must be too simple a person. I look at past performance and current indicators. I realize that the future is not poured in concrete. That true returns can't be measured in any one year box. (Well, hopefully you know what I mean on the last point.) Look at long haul. Deal with today. Even when times were "good" I didn't focus on huge returns knowing that more marginal returns would return. The funny thing will be all the twenty-somethings' reactions when interest rates go to 8% one day in the future. (Not too distant future?) They are gonna freak thinking the end of the world has come and that it's a sign of the apocalypse. I think I must be too simple a person. I look at past performance and current indicators. I realize that the future is not poured in concrete. That true returns can’t be measured in any one year box. (Well, hopefully you know what I mean on the last point.)

Look at long haul. Deal with today. Even when times were “good” I didn’t focus on huge returns knowing that more marginal returns would return.

The funny thing will be all the twenty-somethings’ reactions when interest rates go to 8% one day in the future. (Not too distant future?) They are gonna freak thinking the end of the world has come and that it’s a sign of the apocalypse.

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