Housing Market Takes a Hit

Only those who have not made any money in RE are hoping for a crash. Listen to them and you can feel their remorse.

With the rates coming back down, there is zero chance that RE will be crashing any time soon.

Buy and hold is how you can make big bucks. Flipping is for making dimes and nickels.


Quote from TheCaracal:

House next door to me sold in a day and a 1/2...5 offers. Just last week.

This is NE Nj.

Overheard some guy in the supermarket recently talking about how he just GOT started flipping RE in NJ...

meanwhile, a friend of mine who has been doing that since 1997 is getting out of the business


I have seen this movie before!

interesting times indeed.
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If you sold your net stocks when the rates went up in early 2000, you would have made a ton of money like me.

With the low rates of today, you got nothing to fear except for fear itself. :D

You can't be the next Donald Trump by being a chicken little. :D


Quote from empee:

yes, retired, because we know how "buy and hold" worked out for the internet stock crowd..
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what is very interesting is that prices were way down on RECORD volume

I dont trade the real estate market, I dont even own a piece of property

but in terms of stocks, I know that if the market moves down on very high volume its 95% of the time a bad thing

I don't know if the housing market is different to other tradeable items
 
Quote from jasonjm:

what is very interesting is that prices were way down on RECORD volume

I dont trade the real estate market, I dont even own a piece of property

but in terms of stocks, I know that if the market moves down on very high volume its 95% of the time a bad thing

I don't know if the housing market is different to other tradeable items
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No big deal, depends on type of houses sold.
 
well, hmm, it a nationwide statistic?

I doubt the types of houses sold month to month vary at all.....

probably a very static ratio, within 1% every month
 
Quote from jasonjm:

well, hmm, it a nationwide statistic?

I doubt the types of houses sold month to month vary at all.....

probably a very static ratio, within 1% every month
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Dont waste ur time on this guy. He is a housing cheerleader. In fact, I bet he was the pandering economist they brought out on the CNBC round table a few weeks back. Everything is spin,spin,spin.

Senor Zen
 
Quote from jasonjm:

well, hmm, it a nationwide statistic?

I doubt the types of houses sold month to month vary at all.....

probably a very static ratio, within 1% every month
More...

Go back a few threads and you'll see prices on existing home sales are rising. Is it that big a deal if the two were to converge?
 
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