Agent Smith's Discussions

The Schiller graph is my point exactly. The graph suggest just because we shot 300-400% in the last 4 years or so, we would go back down again 300-400% is just absolutely stupendous. When home values arose 300-400%, that means we are now at a new era where our economy is stronger than ever. It is a simple cause and effect just playing it out to get things balanced. This means that home prices might fall maybe 10-20%, but not 300-400%. The last peak we had, set an all time high and it is showing that our economy is constantly moving forward and setting new bars. It is just the housing market playing catch-up with our ever rapidly growing economy.

Because the media doesn't spread good news. Their job is to spread bad news. Bad news attracts more viewer, meaning, more money in their pockets.

When the media starts spreading some good news about the real estate market, thats when we will all go back to what we were doing with a safe state of mind. It is just all the nay-sayers or people without homes who are just envious of home owners because now they can't afford it causing all these problems.

Randy, so you live in an apartment huh?

to help end the debate of whether a recession is on the way or not, let me ask you all this.can you afford to buy a house now?

Thank you for participating in my survey.Looks like everyone can afford to buy a house.There is no need for a price correction. The only correction there was the price of house to rise and match the escalating median salary for working men and family.So as long as people can afford to buy a house, there will be no recession.

bigger land always.you see, the land is limited, it is almost like gold.

Are there a lot of traffic in that road? If it is just like 1 car passing every minute or so, that is considered relatively quiet and I'd say that is the better choice. But if not, and you go for the smaller house, there is a higher chance of having a so-called "buyer's remorse" when you start noticing that you feel a bit cramped up in your house and need some extra storage.It is a serious thing that happens to a lot of buyers and we see that almost every day.

Compton is a very popular city for up and coming rappers. I recall that Tupac and Ice-T are from Compton.

If any of you are trying to wait for house price to go down so you can buy that dream home of yours, well I got news for you. Interest will go up to match the exact same payment you will make as if you are to purchase an overpriced house today. Let us all take this into perspectives here.In 2 - 3 years, yes, we will likely see a lot of drop in the prices of houses. I am guessing we still have another 10% - 20% to go depending on the area. So you wait and wait until the prices are now at rock bottom. It is now 3 years later. Everyone is trying to rush into buying a home to get a bite out of the house they want like a manic stray dog that hasn't ate anything in years. But when they try to buy it, look what happened, interest rates have shot up to insane levels. Now the home you have been watching and waiting for a LONG 3 years, you can buy it and almost taste it, but the interest rates are now at a double digit of more than 10%! The payment you have to make on it are close (if not more) than if you were to purchase an over-inflated house today!On top of that, because house prices have dropped so much, it will be even harder for you to get a decent equity in your house because it just doesn't isn't as worth as much! Wow, what a disaster!On the other hand, if you were to purchase a home today, you could be making payments and at the same time, continue to earn equity every time you make your payments. Within 3 years, you would have equity to not just go on a long vacation in Hawaii, but you can even use that equity to purchase another house! Wow, talk about misfortune! I'd feel real sorry for those buyers who will later only to regret, "Only if I purchased a house 3 years back in 2007, atleast I would have had some equity".