Real Estate. Could we double bubble?

[Lojanica]

So we had a double bubble in stocks and now a triple bubble in the making. What say ye one and all bubble two: Real Estate. With the money machine and suckers forced to sell out at the bottom why not just change ownership then run it up again?

 

[krazykarl]

Quote from Lojanica:

So we had a double bubble in stocks and now a triple bubble in the making. What say ye one and all bubble two: Real Estate. With the money machine and suckers forced to sell out at the bottom why not just change ownership then run it up again?

please take this sightless garbage back to the rb or yahoo boards.

 

[peilthetraveler]

We will see real estate run up again, but it will be because of hyperinflation with people desperately trying to get a real asset before their cash becomes worthless.

 

[Dr. Zhivodka]

It's inevitable.

Quote from Lojanica:

So we had a double bubble in stocks and now a triple bubble in the making. What say ye one and all bubble two: Real Estate. With the money machine and suckers forced to sell out at the bottom why not just change ownership then run it up again?

 

[rallydog]

Totally disagree with your thesis, banks aren't lending and most people need loans to buy a home.

 

[charts]

Quote from Lojanica:

So we had a double bubble in stocks and now a triple bubble in the making. What say ye one and all bubble two: Real Estate. With the money machine and suckers forced to sell out at the bottom why not just change ownership then run it up again?

Post a chart of whatever you call real-estate bubble, and analyze it ...

 

[peilthetraveler]

Quote from rallydog:

Totally disagree with your thesis, banks aren't lending and most people need loans to buy a home.

Banks are lending. They just require documents now. Banks arent lending to many business's now. But for buying homes, they are still lending.

 

[the1]

Yes, to qualified buyers with strong credit scores and an actual down payment. Trying to get a mortgage w/o 20% down, even with PMI insurance, is going to be quite a challenge.

Then there's the fact that buyers are low balling every home on the market. You'd be hard pressed to see an offer that ain't 40k below asking price. There ain't gonna be no double bubble in housing. Now stocks....stocks is another matter altogether. If the Fed keeps money free the Dow will be back to 14k by years end, or close.

Quote from peilthetraveler:

Banks are lending. They just require documents now. Banks arent lending to many business's now. But for buying homes, they are still lending.

 

[unretired]

Ten to twenty-five cents on the dollar of peak market. [Depending on area of real-estate holdings]
That is where we are going.

If at peak recent values ... a home cost 1 Million [or 1290 oz of Gold @$775 per OZ] and is now down to $775,000 [or 683 oz of Gold @$1135 per oz]

Before 2016 It will be valued and priced @ 220 oz of Gold or 1 Million Dollars.

These are of course guesses ...

 

[peilthetraveler]

Quote from the1:

Yes, to qualified buyers with strong credit scores and an actual down payment. Trying to get a mortgage w/o 20% down, even with PMI insurance, is going to be quite a challenge.

You only need a 620 credit score to borrow 97.5% of your homes purchase price through FHA. Borrowers with less have to put down between 3.5% and 10%

The score usually has to be above 720 to borrow 95% on a non-FHA loans though.