Comments on: T2 Partners Housing Pain and More Mortgage Meltdown http://www.geldpress.com/2009/04/t2-housing-pain-mortgage-meltdown/ Finance, Stock Options, Politics, Economics, Stock Market News, and Technology. Sat, 14 Aug 2010 06:44:48 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: geldpress http://www.geldpress.com/2009/04/t2-housing-pain-mortgage-meltdown/comment-page-1/#comment-830 geldpress Sun, 12 Apr 2009 16:40:49 +0000 http://www.geldpress.com/?p=602#comment-830 It's always time to be ready, but in terms of action, I'd say we are well more than a few months away in many cities. If you live in most parts of the midwest and some parts of the south, then your time to act is probably here. But in places like Chicago and New York, despite the substantial declines, there is still plenty of room left on the downside. Im sure you have done it already, but look at the Case Shiller curves. It's remarkable that every city in the index has nearly the exact same shape and curve. But they are all out of phase by significant amounts. As an example, consider Seattle, which was one of the last cities in the index to even see a decline. The likely scenario is that Seattle will be the last city to see an uptrend. I suspect that we will several cities start their leveling off and possibly some very small appreciations sometime this year. And I can already imagine the articles in the Seattletimes when that happens - "Housing bubble completely over. Buy now before its to late" - and other nonsense. It’s always time to be ready, but in terms of action, I’d say we are well more than a few months away in many cities. If you live in most parts of the midwest and some parts of the south, then your time to act is probably here. But in places like Chicago and New York, despite the substantial declines, there is still plenty of room left on the downside. Im sure you have done it already, but look at the Case Shiller curves. It’s remarkable that every city in the index has nearly the exact same shape and curve. But they are all out of phase by significant amounts. As an example, consider Seattle, which was one of the last cities in the index to even see a decline. The likely scenario is that Seattle will be the last city to see an uptrend.

I suspect that we will several cities start their leveling off and possibly some very small appreciations sometime this year. And I can already imagine the articles in the Seattletimes when that happens – “Housing bubble completely over. Buy now before its to late” – and other nonsense.

]]> By: Adam http://www.geldpress.com/2009/04/t2-housing-pain-mortgage-meltdown/comment-page-1/#comment-825 Adam Sun, 12 Apr 2009 02:02:43 +0000 http://www.geldpress.com/?p=602#comment-825 “Home prices need to fall another 13% to reach trend line” That's probably right, but at the speed prices are falling, that's only a few months away. It's not time to buy yet, but it's probably time to get ready. “Home prices need to fall another 13% to reach trend line”

That’s probably right, but at the speed prices are falling, that’s only a few months away. It’s not time to buy yet, but it’s probably time to get ready.

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