Housing Rolling Along 2

Quote from RoughTrader:

Can you say "dead cat bounce"?

RoughTrader
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the same impatience that dooms traders & coaxes the sheeple into debt slavery will also be evident in the early stages of this coirrection. still if you get teh house you want in the area you want at relatively low rates & decent price, maybe?

i drove by a project that i almost bought in a few years ago, 2,600 sf homes in csbd w/in walking distance of the beach. they were prcieed at $630,000 to $640,000 and had a long waiting line. to my surprise, 2-3 weeks later i got teh notification to come and get in line... the houses had gone up to $707,000. now im divorced and i dont really need 2,600 sf and the bump in price was enough to send me packing (after hitting the free buffet). those homes were decent deals to me. i think they went to like $900,000 to $1+M.

jem, i think you;re in carlsbad, right?
 
I was in la costa valley until three years ago. I came to florida because my wife wished to move to be close to family and I wanted to cash out and invest in real estate.

However, now I want to go back but my wife really does not want to move back.

the area I live in is lakewood ranch florida, which is part of sarasota and bradenton. we were the people that experienced the 40% or more in a year that got the fed all agitated.

The best homes on the best lots have pretty much held their gains but if you want to sell fast and you have an average home, there is so many spec house on the market you have to just suck in up and drop your price at least 10 percent off the peak and sometimes more.
 
Why would you rather move back to SD, Jem?
Quote from jem:

I was in la costa valley until three years ago. I came to florida because my wife wished to move to be close to family and I wanted to cash out and invest in real estate.

However, now I want to go back but my wife really does not want to move back.

the area I live in is lakewood ranch florida, which is part of sarasota and bradenton. we were the people that experienced the 40% or more in a year that got the fed all agitated.

The best homes on the best lots have pretty much held their gains but if you want to sell fast and you have an average home, there is so many spec house on the market you have to just suck in up and drop your price at least 10 percent off the peak and sometimes more.
More...
 
Quote from jem:

I was in la costa valley until three years ago. I came to florida because my wife wished to move to be close to family and I wanted to cash out and invest in real estate.

However, now I want to go back but my wife really does not want to move back.

the area I live in is lakewood ranch florida, which is part of sarasota and bradenton. we were the people that experienced the 40% or more in a year that got the fed all agitated.

The best homes on the best lots have pretty much held their gains but if you want to sell fast and you have an average home, there is so many spec house on the market you have to just suck in up and drop your price at least 10 percent off the peak and sometimes more.
More...

I just moved from Carlsbad Ca, to Atlanta. I miss Carlsbad. I swear, I am close to just packing up and moving back. I know how you feel. Florida would be tough to take after living in 70 degree weather.

John
 
It's only a matter of time before we figure the key to aging and disease prevention.

I think people that are 50 now will live to 100 and anyone being born today will live to 120-130-150.

http://biz.yahoo.com/fool/060829/115687036909.html


The wildcard in housing is how long we are going to be living. People are expecting their parents to live to 80-85 and then take over there estate. If they live to 100 then it's going to have ramifications on pricing. Not to mention the effect it will have on all the 40 year old's who are cursing through life now not worried about retirement or saving because they expect to inherit their parents estate.


John
 
John,

I've enjoyed your writings but you may be off on this one. If you look into the statistics of life expectancy and the effects of public health engineering and medicine over the past two centuries you tend to draw a different conclusion. Its like the difference between indicators and prices.

Average life expectancies rose a lot (indicators) but much of it came from a reduction in early deaths. So far recent modern medical science has done a lot to improve quality of life in later years but not so much to really increase the extremes of lifespan. Not saying that it won't but to forecast it based on current achievements might be stretching things a bit.
 
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