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Housing Rolling Along 2
- Thread starter Covertibility
- Start date
Speculative real estate? Notice I only comment about the general state of the market and companies with market caps above 5 billion. And just for full disclosure, I do own RE (nonREIT) plays but they were purchased more than 5 years ago and won't be selling anytime this decade nor the next.
The turn was signaled back when Shiller and Lereah were on CNBC a few months talking about the cooling in the hot markets as people moved out to less expensive surrounding areas. But where is the crash so many are looking for? Wasn't it suppose to be this year because of rising rates? But it HAS to be next year right? Like I said, make a little money and your criticized. And to answer my question in a prior post, no I don't believe traders on this site make money. Its a stomping ground to fill the void in the day from their jobs at the insurance office.
The turn was signaled back when Shiller and Lereah were on CNBC a few months talking about the cooling in the hot markets as people moved out to less expensive surrounding areas. But where is the crash so many are looking for? Wasn't it suppose to be this year because of rising rates? But it HAS to be next year right? Like I said, make a little money and your criticized. And to answer my question in a prior post, no I don't believe traders on this site make money. Its a stomping ground to fill the void in the day from their jobs at the insurance office.
Quote from Covertibility:
Speculative real estate? Notice I only comment about the general state of the market and companies with market caps above 5 billion. The turn was signaled back when Shiller and Lereah were on CNBC a few months talking about the cooling in the hot markets as people moved out to less expensive surrounding areas. But where is the crash so many are looking for? Wasn't it suppose to be this year because of rising rates? But it HAS to be next year right? Like I said, make a little money and your criticized. And to answer my question in a prior post, no I don't believe traders on this site make money. Its a stomping ground to fill the void in the day from their jobs at the insurance office.
What is clear sir is that you are quite adept at manipulating the English language. Many of these stocks have experienced significant corrections in the past 3-4 months. Furthermore, it is your assumption that the selling is indeed finished. How will we know the end result until it occurs. However, you feel that your constant rhetoric will indeed signal some sort of lasting inflection point and re-flation will be the order of the day. I strongly encourage that you disengage from any more social contact with realtors and mortgage brokers. Good night.
Since you failed to pay this man his due, I will repost this entry from early August. Are you happy now sir? Or will this foil your argument?
Mvic
Registered: Jun 2003
Posts: 661
08-04-05 10:02 AM
I am carrying 1000 tol puts and was also going to wait to get short but Tol insider selling as well as a couple of other data points got me in earlier than I had anticiapted. If it pops on the CC will start selling some calls too and just went long the stock as a day trade.
Mvic
Registered: Jun 2003
Posts: 661
08-04-05 10:02 AM
I am carrying 1000 tol puts and was also going to wait to get short but Tol insider selling as well as a couple of other data points got me in earlier than I had anticiapted. If it pops on the CC will start selling some calls too and just went long the stock as a day trade.
Quote from jficquette:
The article couldn't be more wrong. In 50 years all work will be done over the internet and this will allow the interior of the country to be developed because people will be working from home or "community offices" where the holographic equipment will be more sophiscated.
The interior of he United States has room for about 300 million homes.
John
maybe land-wise, 300 million homes (although i don't know how you are deriving this number), but infrastructure (roads, schools, internet connections, officials, etc) is not nearly developed in the vast rural expanses of land you are making your figure based on. just look at cell phones! the major carriers decided years ago that they would rather throw a repeater every 3 miles all across the states instead of investing in satellite or some other wide-range technology. and I *still* get dropped calls all the time *mutter*, & to top it off, look at any rural area .. zero coverage still. just wanted to throw that into the equation. although i will concede, that perhaps 50 years from now, rural *could* become a thing of the past and every where you turn there's a huge metropolitan area.. probably not though. look at houston and "inside the loop" versus outside the loop. it's taken years and years to build up any kind of commerce outside the loop, and it's weak at that.
my .02
Quote from fandelem:
maybe land-wise, 300 million homes (although i don't know how you are deriving this number), but infrastructure (roads, schools, internet connections, officials, etc) is not nearly developed in the vast rural expanses of land you are making your figure based on. just look at cell phones! the major carriers decided years ago that they would rather throw a repeater every 3 miles all across the states instead of investing in satellite or some other wide-range technology. and I *still* get dropped calls all the time *mutter*, & to top it off, look at any rural area .. zero coverage still. just wanted to throw that into the equation. although i will concede, that perhaps 50 years from now, rural *could* become a thing of the past and every where you turn there's a huge metropolitan area.. probably not though. look at houston and "inside the loop" versus outside the loop. it's taken years and years to build up any kind of commerce outside the loop, and it's weak at that.
my .02
There will be no reason to live in Houston when you can live on a lake in Ok and deal with people holographically.
World will change as much in the next 50 years has it has in the last 2000.
Just a guess.
John
Quote from jackbyrd:
Since you failed to pay this man his due, I will repost this entry from early August. Are you happy now sir? Or will this foil your argument?
Mvic
Registered: Jun 2003
Posts: 661
08-04-05 10:02 AM
I am carrying 1000 tol puts and was also going to wait to get short but Tol insider selling as well as a couple of other data points got me in earlier than I had anticiapted. If it pops on the CC will start selling some calls too and just went long the stock as a day trade.
Bladerunner had a good one too:
08-05-05 04:10 AM
rehnquist will expire before yr end.
-------
I'll give Mvic his due but he wasn't a lunatic for more than a year calling tops and a crash.
If you would like to get an idea of the foreclosure activity in any specific area, the following site lists preforeclosure actions and sales. To get more detailed information other than the general listings, it is a paid site. I have no affiliation, and use it to get an idea of upcoming REO inventory.
http://www.realtytrac.com
http://www.realtytrac.com
Quote from Covertibility:
Speculative real estate? Notice I only comment about the general state of the market and companies with market caps above 5 billion. And just for full disclosure, I do own RE (nonREIT) plays but they were purchased more than 5 years ago and won't be selling anytime this decade nor the next.
The turn was signaled back when Shiller and Lereah were on CNBC a few months talking about the cooling in the hot markets as people moved out to less expensive surrounding areas. But where is the crash so many are looking for? Wasn't it suppose to be this year because of rising rates? But it HAS to be next year right? Like I said, make a little money and your criticized. And to answer my question in a prior post, no I don't believe traders on this site make money. Its a stomping ground to fill the void in the day from their jobs at the insurance office.
Well, I'm glad you are holding your portfolio for the next 20 years: I have a few items I am holding as well - I liquidated a majority of my porfolio properties over the last 9 months.
One thing I dont do: proclaim to the world that anything in my portfolio is a 20 year hold. Everything is mutable in light of changing market conditions and in my opinion, anyone that says otherwise is a fool.