Spleng's Discussions

"It's a never ending battle when prices are low interest rates are high, when rates are low homes are high."No Phyllis, its not a never ending battle, its simple. Better to buy a cheaper house at higher interest rate:Lower property taxes.Deduct interest.Better chance to refinance at lower rate it future.Also its good to wait now because we are at the top of the biggest worldwide housing bubble in history. Prices have only begun their epic slide. We will all be amazed.

Housing prices will recover their bubble highs of 2005 ? 2006 in:1. 20202. 20303. 170 years (a la Amsterdam)4. Never.

"I think it's a lot sooner than 2020..."If it comes a lot sooner it will have to come via a crushed dollar. I hope that's not the case. Not everyone has to buy a house, but everyone has to eat.

"I don't see why it can't be for someone else."It will be! Give it a decade or three.

"Buyers, Let's discuss. Do you agree? Will 2008 be worse?"2008 worse.2009 worse.2010 worse.2011 worse.2012 worse.I think then we may just sit there for 10 years twiddling our thumbs.

"Swiss Re Reports $878 Million Subprime Loss""Reinsurance companies sell backup coverage to other insurers, spreading risk so the system can handle huge losses from major disasters."It has now reached the insurers of the insurers.

"A serious buyer that does their homework will be OK in any market."As in NOT buying when the market has entered a historic price decline.

Are you posting this increase in the median price as evidence that the housing market in the Bay Area is healthy? What a joke.

When the Leviathans Fannie and Freddie go belly up on the beach the stench will be blinding, the cloud of flies will blot out the sun.

Yep Bay Area is being destroyed in the outskirts. Over the next several years this noose will tighten.