It was in their latest copy... doesn't look like it is available online yet. Check your newsstand
It was in their latest copy... doesn't look like it is available online yet. Check your newsstandOriginally posted by: Dari
interesting. vic, can you find that money article online and provide a link to it? I'd love to read it.Originally posted by: Vic
Yes, but in a way, you already do. Money magazine just did a recent article regarding the "P/E" ratios of home ownership. In many areas, home values have gone up so much faster than rents, that it actually makes more financial sense (both long-term and short-term) to rent than buy.Originally posted by: glugglug
If housing prices go down... does that also mean I'll have cheaper rent?
Personally though, I don't see a property value crash (per se) in the near future, although some regions may see a localized depression in values. What I do see is a flattening on the trend, with static values over a long period of time. When this will occur, however, is anyone's guess. Not as long as interest rates stay at historic lows, that's for sure. Rate is price, it's one of the hardest things for some people to understand when financing - on a relative basis, a low price at a high finance rate is the same as a high price at a low finance rate.
interesting necro
Yeppers
Great to see how owned Shiner Harrison, Vic etc were.
Wonder how burned they were in the resulting crash they insisted would never happen.
So when are we getting that $5 gas again?
If the intrest rate climbs even a modest amount the market will fall big time... It will be intresting to see how this Freddie Mac Criminal Probe turns out. Lenders are giving loans where they would never give them in the past based upon the value of their home... The level of Debt to income ratios are higher then they have ever been in the past. The only thing supporting that is the low intrest rates... Honetly I think Greenspan has done a big error in letting the rates drop so low as even a modest increase will hurt big time....
The only reason Freddie Mac got into the subprime market in the first place was because they were losing market share big time to the PRIVATE subprime market that was going gangbusters. The get blamed because they were the last ones caught holding the cards.
That is incorrect. The govt heavily encouraged freedie/fannie to do subprime lending as well. They were the end buyers of many of these subprime loans as well.
His point was that private industry led the way. You didn't refute that in your point.
Bubbles for Bankstas!
Just think of them as the modern equivalent of the Visigoths, roaming from place to place, looting and pillaging as they go. First Sweden and Japan, then the US, Iceland, Ireland, and now onward to to new pump and dump adventures!
Who do you think was buying those mortgages that the private industry was making. There were lots of players in this mess.
You're beloved government has given them all they ever wanted. Nothing to stop them now.
So, uhh, you're arguing that banking needed better oversight, particularly during the Bush years, or what?
Just taking a swipe at teh Ebil Gubmint?
The only reason Freddie Mac got into the subprime market in the first place was because they were losing market share big time to the PRIVATE subprime market that was going gangbusters. The get blamed because they were the last ones caught holding the cards.
Very good point, so easily misrepresented by the spinners.
Dont recall saying it would not happen. At the time there was no sign of it. Fortunately the house I purchased in 2001 was only minimally affected by the bubble bursting.
So when are we getting that $5 gas again?