tag:blogger.com,1999:blog-27885619.post1372349688449757282..comments2023-11-03T02:41:15.906-07:00Comments on Real Estate comments: Real Estate Emotions November Updatewannabuyhttp://www.blogger.com/profile/04297458705683991405noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-27885619.post-10077620191895794362007-11-22T19:02:00.000-08:002007-11-22T19:02:00.000-08:00Sandman,So true. The REIC is trying to create the...Sandman,<BR/><BR/>So true. The REIC is trying to create the impression that it could be a "V" bottom. No way. Why the words you used weren't mine, I 100% agree. Its better to loose a few percent than get hit in the "bear trap." <BR/><BR/>No salesman likes an informed cautious buyer. Just wait until credit gets tougher... Then prices will really have to have to adjust to the market clearing price.<BR/><BR/>But dinner table conversations point to many not being ready to accept we're in a bubble... cest la vie. There is no doubt the market is turning. <BR/><BR/>Got popcorn?<BR/>Neilwannabuyhttps://www.blogger.com/profile/04297458705683991405noreply@blogger.comtag:blogger.com,1999:blog-27885619.post-17961004776934467502007-11-22T18:27:00.000-08:002007-11-22T18:27:00.000-08:00Happy thanksgiving Neil, hope you had a good one.A...Happy thanksgiving Neil, hope you had a good one.<BR/><BR/>As for the timeline, I think you can currently place us in fear or desperation, and either way you'd be right. This feels like middle ground between the two, but the banks writing down their losses in many small chunks is a great sign of progression on the chart.<BR/><BR/>I believe tj is likely correct, there won't be any recovery in the near future. The upcoming recession will dictate that timeline, but our politicians seem to be doing everything in their power to extend things.<BR/><BR/>Your point about no "V" bottom is very true. Many people tell me that they're afraid of missing the bottom. They look at me blankly when I laugh, then I tell them that they'll have at least 24 months to identify the bottom and jump in. This is the next message that needs to get out, as Realtors will do their best to push the big "V". I believe you once said "it's better to lose 5% and know we're recovering than to lose 40% on a false bottom".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27885619.post-30038546592768643502007-11-21T22:21:00.000-08:002007-11-21T22:21:00.000-08:00TJ,We'll import enough labor to bring it back up b...TJ,<BR/><BR/>We'll import enough labor to bring it back up by 2015. ;) <BR/><BR/>Then again, no one expected the 1930's to be as bad as they were 1931 through 1938. <BR/><BR/><BR/>We'll get through the holidays pretty easy... but when will the first big bank hit the implode-o-meter? <BR/><BR/>I'm very glad I found the blogs when I did. I'd hate to think what's going through someone's mind if they just discover the bubble blogsphere. <BR/><BR/>11.4 times income home pricing... and people expect a recovery quick... NOT! I'm not sure we'll ever see 3X home prices back in LA... but its certainly going to start down that slipper slope.<BR/><BR/>Happy thanksgiving everyone!<BR/>Neilwannabuyhttps://www.blogger.com/profile/04297458705683991405noreply@blogger.comtag:blogger.com,1999:blog-27885619.post-89349728774814302462007-11-21T19:41:00.000-08:002007-11-21T19:41:00.000-08:00Although you're making progress -- the timeline is...Although you're making progress -- the timeline is getting better all the time -- the "long flat" will likely last far past 2012. The boomer retirement wave hits its stride in 2010 and the demographics won't turn back up until 2020.TJandTheBearhttps://www.blogger.com/profile/10735388072841457108noreply@blogger.com