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are prices ever going to stop falling?

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rocker01

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October 06 - Gilbert
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Roseann Annis, "roseannannis"

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Falling prices are unique to the geographical area and economic climate of a particular locale.  Having said that, the combination of historically low interest rates, abundant real estate inventory, and more affordable prices make this an excellent time to purchase a home. In the hey-day years of 2003-2005, most of us had a false sense of security in our homes.  After all, we thought, a 5% or more annual return on home prices would surely be perpetuated!  Actually, that erroneous perception of inflated house values, prompted many folks to take on more debt.  Unfortunately, some of these individuals waged bets on their home's equity by taking out home equity loans to purchase temporary, transient items such as vacations.

I cannot answer your question regarding when, if ever, real estate prices will stop falling.  But I can suggest that you look for opportunities in home purchases- especially with the projected home buyer incentives in the final stages of approval.  Surviving and thriving in a changing economy entails adjusting and changing paridigms.  Buying up, for example, will yield long-lasting benefits, due to more realistic sales prices of larger, more substantial homes which, prior to the real estate crunch, would have been unattainable.

Good luck to you!
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November 08
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Shawn Rogers, "Mister Rogers"

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NTETS-

Exactly. Even though he, actually Berkshire Hathaway, is 
investing a little under 11% in Burlington Northern and I
believe two other railroads, most have no real idea why
he/they are. Perhaps swicthing back to interests in tangible
assets, who knows.

Many people who will buy and sell based on Buffets moves
are traders not investors, looking for the quick buck, much
like the "flipper in real estate".
 
-Shawn
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1 Yes

November 08
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NTETS ZDGS 2007, "Caveat Emptor"

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Nobody, not even Warren Buffet would answer that with 100% certainty.

interestingly, warren buffet's recent purchase of one of the largest railroads in the country doubles as a real-estate based inflation hedge as much as it is a production based inflation hedge.
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November 08
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Shawn Rogers, "Mister Rogers"

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Rob,

Thanks for the advise, lol. I would never lower myself to such a
level as to pick apart a comment, that one (you) cleary didn't
understand. But again thank you.

If perhaps you would like to compare our degrees, properties or
other business ventures, shoot me an email. As far as my hair
stlye, sorry, you don't approve. Maybe the rest of us can borrow
your crystal ball. So we will all know when the next peak or valley
in the market will occur :-).
 
Lastly, property is always an investment, mush like, stocks & bonds,
but of course you knew that with your level of professionalism, wow.

Please do us all a favor and do not cheapin the industry, with what
your negative opinions on the entire market are. I respect your point
of view, but clearly not your personal attacks on people you do not
even know, not a very wise move my friend and that advise from me
to you, if free. 
 
Have a BEAUTIFUL day and good luck out there.

-Shawn
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1 Yes

November 08
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Roberto Ribas, "azrob"

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"it is a great time to buy property" but "nobody knows ... if prices will go down"... Ok, you managed to completely contradict yourself in only three sentences.

"one cannot time the market" actually that statement applies to stock markets, which change instantaneously. Housing markets, however, are slow to change, and imbalances of supply versus demand are very easy to measure, changes in employment and foreclosure activity are well reported. Thus, for say someone like me, it was easy to see the crash coming, and sell my investment properties. I

I have an idea shawn: You leave comments about economics and finance to people like me, who have studied economics and fiance. When we need some comments on how to spike up a hairdo, jump right in ok?
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2 Yes

November 03
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Shawn Rogers, "Mister Rogers"

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Nobody, not even Warren Buffet would answer that with 100% certainty.
However, loaction with any given area is key. Some prices are going up,
however, up, from their prices, not from perhaps the same house right
next store. It all depends on when and where you buy. It is a great time
to buy property, in fact the rates are just as important as the homes.
I have been in real esate, a home owner and a landlord for a long time.
There is no trick to it, it's all about fact and one can not time the market,
but one can make sure when the market changes, you are in the correct
position to keep the boat afloat.
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November 03
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Astutefl

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Depends on where you live.  In some areas, the prices have started to go back up.  Problem is, if someone in your area REALLY needs to sell their home fast, they will take less for it, which undervalues your home.
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October 06
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jkonstant

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I hope they fall to a point that it only requires one income to afford a roof over one's head.
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October 06
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NTETS ZDGS 2007, "Caveat Emptor"

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its not set in stone, but no trend can last forever.

personally i think we are still in the first half of the ballgame.
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October 06
 

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