Up or down, how do you see prices in housing going? Up Or Down? See the argument bulleted below:
For a further reduction
Oil prices
Sub-prime
Real incomes have not increased
Too much availability of credit without ability to pay back
Credit bubble
Second wave of subprime market
48% increase in number of bankruptcy
Bubble has burst
Month to month growth is 1-1.2% for consumer goods.
Fed is cutting rates
Impending Recession
Presidential doublespeak is reminiscent of 1984
Case for this being the bottom
House prices have fallen
De facto people will live in there homes if they will loose too much if they sell
Real estate trends show that prices always raise.
Interest rates have lowered allowing more money available for investment and lower interest rates for home buyers
The American dream is to own your own home
The weather is only going to get better once the new year comes
The holidays are here there is only spring to come
who knows.
I think we have hit bottom.
Tell me what you think!
Mya Kerner - "Piercing the Infinite Sky"
7 years ago
3 comments:
I am ever the optimist and I think things will get better, in the Seattle area and over here on the East side in towns like Kirkland the lots and homes may drop a bit but nothing like what we have seen across the country. I can't wait to see your new place! Love you,
Mom
Optimism and Pessimism...hmmm. On one hand you have me depressed, on the other you give me hope...Did you know that Ralph Waldo Emerson did not believe in duality. So, according to him, all of this is part of the same system, and whether there is double-speak or not there is still spring. Not very helpful which is probably why people have such a hard time living philosophy.
I sure do love that Reme girl with her ability to put things into perspective! There is still family, love, Christmas, Grandkids, vacations, walks in the park, good coffee, laughter and more....there I go again ever the optimist. Love you son! :)
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