Advertise on Bikeforums.net



User Tag List

Results 1 to 12 of 12
  1. #1
    Dude wheres my guads? skinnyone's Avatar
    Join Date
    May 2005
    Location
    Guess
    My Bikes
    Not enough
    Posts
    2,680
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    For those looking to buy property now, some information to ponder




    This is a long term chart...



    Yeah...

  2. #2
    superArti artifice's Avatar
    Join Date
    Apr 2008
    Location
    Minnersoter
    My Bikes
    2007 Fuji Professional 2.0, 2009 GTw Avalanche 2.0
    Posts
    1,058
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    so, predictions on it bottoming out? year or two? now?
    i woke up one morning and i stepped out of bed | had to get a bike, had to paint it red
    Of all the treasures I have, itís the memories that are the most precious.

  3. #3
    Portland Fred banerjek's Avatar
    Join Date
    Oct 2005
    My Bikes
    Custom Winter, Challenge Seiran SL, Fuji Team Pro, Cattrike Road/Velokit, РOS hybrid
    Posts
    10,411
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Depends on the market. I've heard analysts saying the area I'm interested in will probably bottom out in the summer. However, there are plenty of wildcards out there and no one can say with certainty.

  4. #4
    Dude wheres my guads? skinnyone's Avatar
    Join Date
    May 2005
    Location
    Guess
    My Bikes
    Not enough
    Posts
    2,680
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by artifice View Post
    so, predictions on it bottoming out? year or two? now?
    No idea... Not sure if the bailout will prop prices up either. Suffice it to say that I am not touching the housing market with a 10 foot pole anytime soon. Historically it looks like you by and large stay even with inflation so as long ad you are getting something out of your money, you can afford to wait and see without shooting for the bottom.

  5. #5
    Banned. ModoVincere's Avatar
    Join Date
    Aug 2006
    Posts
    1,626
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    I'd like to see another 5% or so adjustment in prices before jumping into investment property. I don't put that kind of demand on a property I plan to live in for decades.

  6. #6
    Senior Member
    Join Date
    Aug 2006
    Posts
    998
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    If you have a certain piece of property in mind you like, hire an attorney and buy it.

    Otherwise, I'd hold off buying still, mainly because the market is not going to be heading up anytime soon. The TARP bailout only has allowed banks to have legendary parties at resorts, and zero help for people looking for a mortgage. The stimulus bill is held up in Congress along partisan lines, and when it does pass it only will positively affect people already working. So, don't expect much in economic improvements coming from government anytime soon.

    My suggestion: Wait 6-9 months at a minimum before entering the real estate market to see if whatever package passes does anything to jump start the economy.

  7. #7
    Senior Member
    Join Date
    Aug 2005
    Location
    New Hampshire
    Posts
    845
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I agree with mlts22. Even with the steep declines, home prices are still out of whack with rents and average incomes in a lot of areas. In other words, they could still fall a long way before reaching equilibrium. Even if they don't crash any further, I highly doubt you are in danger of them spiking up again for quite a long time.

    IMHO, you are better off missing the bottom slightly and buying when things are clearly back on an upward track again. At least that way, if something bad happens (like you lose your job...not exactly a rare occurrence these days), and you need to get out of the mortgage, you at least have some hope of being able to sell quickly and break even.

  8. #8
    gmt Grumpy McTrumpy's Avatar
    Join Date
    Sep 2008
    Location
    Binghamton, NY
    Posts
    11,903
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    are you sure these graphs are from a reliable source?

  9. #9
    superArti artifice's Avatar
    Join Date
    Apr 2008
    Location
    Minnersoter
    My Bikes
    2007 Fuji Professional 2.0, 2009 GTw Avalanche 2.0
    Posts
    1,058
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I see skinny pulled them from a blog, but I'm pretty sure I have seen the same ones on some credible sites.
    i woke up one morning and i stepped out of bed | had to get a bike, had to paint it red
    Of all the treasures I have, itís the memories that are the most precious.

  10. #10
    Senior Member
    Join Date
    Aug 2005
    Location
    New Hampshire
    Posts
    845
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by artifice View Post
    I see skinny pulled them from a blog, but I'm pretty sure I have seen the same ones on some credible sites.
    I too have seen those graphs floating around for several years now. If you check out the blog listed on the chart, they say the numbers originate from Yale econ professor Robert Shiller, of the Case-Shiller Home Price Index and "Irrational Exuberance" fame, so it should be credible. There's a link to his data in Excel format on his website here.

  11. #11
    Hazardous Taerom's Avatar
    Join Date
    Jun 2005
    Location
    Quarantine
    My Bikes
    2005 Trek Liquid 55, 2009 Haro Mary SS
    Posts
    727
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I knew I should've bought my house in 1921...

  12. #12
    phony collective progress x136's Avatar
    Join Date
    Sep 2006
    Location
    San Hoosey
    My Bikes
    http://velospace.org/user/36663
    Posts
    2,958
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Taerom View Post
    I knew I should've bought my house in 1921...
    Slacker.

    I bought mine in 1868.

    Anyway, be back in a few. Headin' to the outhouse. *grabs newspaper*

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •