Comments on: Requirements For Buying A House – Don’t Lose Money

By: Case Shiller December Data - NWMLS Wrong | Geldpress

Case Shiller December Data - NWMLS Wrong | Geldpress — Tue, 24 Feb 2009 19:12:09 +0000

[...] Requirements For Buying A House – Don’t Lose Money [...]

By: geldpress

geldpress — Thu, 19 Feb 2009 16:14:35 +0000

It sounds good in theory, but repudiating the U.S. national debt would likely spark World War 3. Poor nations get away with repudiating their debt all the time, either by themselves or with the help of IMF funded bailouts. The U.S. debt is largely owned by foreigners, but its also owned by our own citizens. The U.S. debt is one of the safest investments in the world right now, despite its monstrous size. We need to pay it down, but repudiating it is going a little extreme.

As for destroying real estate and stock market values, they were destroyed 10 years ago by the FALSE appreciation. The smart people were already in treasuries or other less risky investments prior to the spark that brought the asset values back to earth.

By: Ron

Ron — Thu, 19 Feb 2009 14:08:19 +0000

Why should we have our real estate and investment values destroyed by the Washington/Wall Street elites while they get a bailout and we
have to pay for their mistakes and greed. If you’ve had enough, join the Campaign to Cancel the Washington National Debt By Constitutional Amendment.
See the following URL for more information: http://www.facebook.com/group.php?gid=67594690498&ref=ts

By: geldpress

geldpress — Tue, 17 Feb 2009 17:54:47 +0000

We may actually get to a 100 Case Shiller before it flattens anyway. But if all 3 requirements are in place as is, buyers should be in good shape to buy a home. Right now the cost of ownership vs cost of renting is so far out of whack in many cities that it is still worth waiting. The funny thing about that is every week there are real estate ads in the newspaper that say “Buy Now For Less Than Rent!”. But the fine print of those numbers is so ridiculous, nobody but an idiotic risk management CFO or CEO would be so stupid as to fall for it.

By: Java

Java — Tue, 17 Feb 2009 17:34:37 +0000

1 disagreement I have : the Case Shiller index should be close to 100; flattening at 130 or so will be temporary

By: geldpress

geldpress — Tue, 17 Feb 2009 08:05:03 +0000

Nope. MAS is a stock “investor” (or should we call him the short selling “devestor”) and wants nothing to do with owning or developing real estate as long as the bubble persists.

By: john

john — Tue, 17 Feb 2009 07:32:40 +0000

MAS is obviously a real estate agent or developer.

By: MAS

MAS — Thu, 12 Feb 2009 22:20:44 +0000

We agree that there is a lot of shadow inventory out there that is skewing inventory numbers to look far lower than they really are. What would happen if the MLS inventory fell to 6 months? Banks would start releasing more shadow inventory onto the MLS. By the time it got down as low as 4 months, I would guess most of the shadow inventory would have been slipped into the market.

Inventory numbers are not honest now, but they will be closer to the bottom. Still a valuable metric, just not the most important one.