housing economic collapse advice please - DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate

**Bgfbukpf** · 08-16-2007, 08:52 PM

the housing market is leading the way in the economic down turn, thus what you are seeing is the giant wave of the huge subprime debaucle caused by maturing ARMs. This year and next year are suppose to be seeing the highest amount of ARMs adjusting to higher interest rates which will lead to more foreclosures as salaries didn't outpace interest as home buyers had hoped. With that in mind, housing starts have picked up, but this is probably only seasonal and at most an illusion since interest rate have been dropping as have house prices.

IMO, I would aim to buy sometime mid to late 2008 if you are trying to time the bottom of the market. Possibly, since home sales generally go up during the summer I would buy right after schools start for the year in 2008.

**Rapiddude** · 08-16-2007, 09:14 PM

Might want to check inventory levels. Logically there aren't going a lot of upward price pressures when inventories are at a peak.

**amimabremiBit** · 08-16-2007, 09:20 PM

Japher laid it out as always with his newly found business skillzzzz!

Anyway, I have another advice for you, the way of the Pekka. Greater than Bushido, greater than any code of the warrior. Why? I just said so, so it must be true.

Anyway, the advice is to change your thinking altogether. There is no spoon. If you want to win, don't play within the system. Play the system. It doesn't matter when you buy. You just need to make more money.

It's not the expenses, it's the low income. You need to worry about the low income and fix it. Within reason of course, if you live like Paris Hilton, well that doesn't make sense. But first, your problem is low income. This is much better, now you can buy a bigger house you see.

My advice to you is: make more money. I'm still having an official goal to invest around 800k for a house in SoCal after 5 years. I don't have that kind of money now, but I will and I know it. I have a plan, where's yours?

And stop with the BS. You want more money. ONly people who don't want more money are vegans and losers.

**Hlennisal** · 08-16-2007, 09:24 PM

To get a good deal, buy a foreclosed-upon house at a trustee's sale auction.

08-16-2007, 08:52 PM	#1
Bgfbukpf Join Date Oct 2005 Posts 380 Senior Member	housing economic collapse advice please the housing market is leading the way in the economic down turn, thus what you are seeing is the giant wave of the huge subprime debaucle caused by maturing ARMs. This year and next year are suppose to be seeing the highest amount of ARMs adjusting to higher interest rates which will lead to more foreclosures as salaries didn't outpace interest as home buyers had hoped. With that in mind, housing starts have picked up, but this is probably only seasonal and at most an illusion since interest rate have been dropping as have house prices. IMO, I would aim to buy sometime mid to late 2008 if you are trying to time the bottom of the market. Possibly, since home sales generally go up during the summer I would buy right after schools start for the year in 2008. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-16-2007, 09:14 PM	#2
Rapiddude Join Date Oct 2005 Posts 314 Senior Member	Might want to check inventory levels. Logically there aren't going a lot of upward price pressures when inventories are at a peak. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-16-2007, 09:20 PM	#3
amimabremiBit Join Date Nov 2005 Posts 447 Senior Member	Japher laid it out as always with his newly found business skillzzzz! Anyway, I have another advice for you, the way of the Pekka. Greater than Bushido, greater than any code of the warrior. Why? I just said so, so it must be true. Anyway, the advice is to change your thinking altogether. There is no spoon. If you want to win, don't play within the system. Play the system. It doesn't matter when you buy. You just need to make more money. It's not the expenses, it's the low income. You need to worry about the low income and fix it. Within reason of course, if you live like Paris Hilton, well that doesn't make sense. But first, your problem is low income. This is much better, now you can buy a bigger house you see. My advice to you is: make more money. I'm still having an official goal to invest around 800k for a house in SoCal after 5 years. I don't have that kind of money now, but I will and I know it. I have a plan, where's yours? And stop with the BS. You want more money. ONly people who don't want more money are vegans and losers. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

08-16-2007, 09:24 PM	#4
Hlennisal Join Date Oct 2005 Posts 504 Senior Member	To get a good deal, buy a foreclosed-upon house at a trustee's sale auction. Share Share this post on Digg Del.icio.us Technorati Twitter
	Quote

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