What Median Home Prices Would Look Like If the Bubble Never Happened

Do you honestly think that the USD's weakness is simply due to FX manipulation?

 

You may want to have a back up plan for when/if they get foreclosed on.

I would kind of suck to get a notice one day that you have 10 days to find a new place to live.

 

rent control law in los angeles requires 60 days notice...applies to banks as well as people

 

Simply? No. Partly? Of course. Even the talking heads know the Yuan is pegged to the USD.

 

Why not ?

 

The mentality of the home owner is
"I'll never sell at this prices, If I will not sell price will not go down."

 

That's so true....exactly what I was thinking the only thing is that most people went into variable interest only loans. Eventually the fed will have to raise rates to take on inflation and when they do most of those people will go into foreclosure (tons already have) forcing a correction....that 's what I think.

 

What I think will be interesting is will home builders now mostly focus on over 55 developments because the baby boomers have the wealth to purchase homes at these levels and have home equity to sell there homes for a little less.

 

how about sell now and buy it back later for cheaper ?

 

Here is the Case Shiller real estate composite futures February 2008 contract graph.