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SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
They also did a feature story this morning on the Today show regarding the 'bursting of the real estate bubble'. Usatoday.com runs an article every week or so highlighting a different area of the country where prices have come down.

If all the national news outlets are now making this one of their top stories, does that mean it's almost over??? Just a question, as usually these folks are the last to the party.

On the bright side, the 10 year treasury bond is at its lowest level in 4 months.

Just connected the dots from your post above...thought your comment on the 10-year was tied to your comment on the "bursting of the bubble." (Which was driven by investu....ah, investors and speculators in the first place.)
 
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spinDrAtl

Beach Fanatic
Jul 11, 2005
367
2
Just connected the dots from your post above...thought your comment on the 10-year was tied to your comment on the "bursting of the bubble." (Which was driven by investu....ah, investors and speculators in the first place.)

Nope, not tied together. I stated in a subsequent post to the first one that I did not necessarily think it was over - that I tossed it out for discussion based on the fact that when shows such as 'Today' are headlining it, they are behind the curve normally.

Then I subsequently answered your direct question regarding the 10 year bond. In fact, even investors (long term) typically like fixed rate mortgages.

I don't see where any dots needed connected.
 

SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
Home sales are not way too high to draw interest.

The "demand" for homes is high...no doubt about it.

If the "demand" is high, and mortgage interest rates are at "near record lows," the economy is humming, the unemployment rate is way low, and wages are increasing (according to well-paid government frontmen) how do you explain the inventory glut of homes for sale that is sweeping the nation?

Simple: The demand for "overpriced homes" is in the basement.

As an interesting sidenote, according to the NY TIMES, in 2003, 32% of mortgages initiated in Atlanta were "interest only mortgages"....some were investors, but many were people who couldn't afford the home in the first place--so a 30-year fixed (or even 40-year fixed) will not be an option.
 
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Beachbummette

SoWal Insider
Jul 16, 2005
5,742
209
Birmingham and Watersound
SHELLY-WHAT DO YOU DO FOR A LIVING. (Yes, I am yelling) I thought you might be hard of hearing:D since you never answered the above questions about what you do for a living. If retired what did you used to do for a living?
 
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SHELLY

SoWal Insider
Jun 13, 2005
5,763
803
SHELLY-WHAT DO YOU DO FOR A LIVING. (Yes, I am yelling) I thought you might be hard of hearing:D since you never answered the above questions about what you do for a living. If retired what you used to do for a living?

What do you think?

and....Why does it matter?
 

John

Beach Fanatic
Dec 3, 2005
397
91
SoWal
What do you think?

and....Why does it matter?


I think it matters greatly because one's point of view is shaped by life experiences. You often have strong opinions and I think your work experience and education could support your position (or not).
 

Beachbummette

SoWal Insider
Jul 16, 2005
5,742
209
Birmingham and Watersound
I have no idea what you do for a living, would not begin to guess.
I am just curious. Might help us know where your perspective comes from.

I agree with some of the things you post. I also think you sometimes have a good sense of humor, you are not a total gloom and doom person, just most of the time.

Curious as to what you think about someone that has several pieces of property down on 30-A that are paid for, no mortgages, and each one rents for enough to pay their taxes & insurance. Bought several years ago (1999 to 2002) for long term investments (think retirement age) we are in our 40's. What else would you do with the money if you sold it all?
 
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Beachbummette

SoWal Insider
Jul 16, 2005
5,742
209
Birmingham and Watersound
Curious as to what you think about someone that has several pieces of property down on 30-A that are paid for, no mortgages, and each one rents for enough to pay their taxes & insurance. Bought several years ago (1999 to 2002) for long term investments (think retirement age) we are in our 40's. What else would you do with the money if you sold it all?[/QUOTE]

and no we are not only invested in the real estate there. We have a well rounded portfolio. I don't like the stock market just curious as to what else would be a good investment in this market.
 
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