BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > Off-Topic Discussions Board
 
GT Haus
Post Reply
 
Thread Tools Search this Thread
      07-30-2010, 02:48 AM   #23
bjbubble
New Member
 
Drives: 93' 318i
Join Date: Jul 2010
Location: CA

Posts: 10
iTrader: (0)

It seems like the rest of the economy is starting to swing back in the right direction somewhat. The housing market is just taking its sweet time to follow. Previously it was over inflated though which makes the dip in prices seem that much more drastic.
bjbubble is offline  
0
Reply With Quote
      07-31-2010, 09:20 PM   #24
BTM
Banned
 
Drives: A///MERICAN!!!
Join Date: Mar 2010
Location: A///MERICA!!!

Posts: 10,314
iTrader: (11)

Garage List
Quote:
Originally Posted by lauer87 View Post
The prices we saw in 2007 should be regarded as the exception, not the rule.
To expound upon this for a minute, as I'm hoping to clarify. The housing market, like any market will, developed a price bubble - this part is not the exception, as all markets will do this to varying extents. Which leads me to the exception part - the size of this bubble (meaning the extent to which prices were artificially inflated) was extraordinary, and may in fact have been an exception. I will stop short of saying it will won't happen again to the extent that it did, however, because it is certainly possible. Additionally, it is also entirely possible that prices reach the levels they did and be completely legitimate - this is the inherent problem with such large markets with so many particpants, it is impossible to completely eradicate uncertainty and therefore bubble creation.
BTM is offline   United_States
0
Reply With Quote
      08-01-2010, 09:23 AM   #25
MJC///M3
Colonel
 
MJC///M3's Avatar
 
Drives: 09 SSII E92 M3
Join Date: Aug 2008
Location: Bronx, NYC

Posts: 2,327
iTrader: (0)

I think we will get another drop in home prices...and precipitously so.....

while earnings season has yielded overall positive results....I still am still somewhat circumspect about this "recovery."

It will definitely be an interesting close to fiscal 2010....certainly hope things will get better for us!
__________________
"You will get there, but it is up to you and you alone. It is what you are willing to do, and how you are willing to get there. You must be relentless, you must be tireless, you must pursue at all costs, so that you are ready, when the time is right." -Dad
MJC///M3 is offline   United_States
0
Reply With Quote
      08-01-2010, 10:29 AM   #26
bosstones
Major
 
Drives: o_0
Join Date: Mar 2008
Location: Suburbia

Posts: 1,068
iTrader: (0)

Quote:
Originally Posted by MJC///M3 View Post
I think we will get another drop in home prices...and precipitously so.....

while earnings season has yielded overall positive results....I still am still somewhat circumspect about this "recovery."

It will definitely be an interesting close to fiscal 2010....certainly hope things will get better for us!
+1 (unfortunately). We've seen a lot of the real short term ARMs and 3-year ARMs already adjust. 5-yr ARMs seem to round out the list of popular mortgages. With the housing peak in the 2005-2006 time frame, we've yet to see the bulk of those readjust. Hopefully, those people were smart enough to refi at some point or have already gotten out of their homes (in one way or another). Glad I refi'd to a lower rate while I at least had a little bit of equity left! Man I hate losing my money due to other people's foolishness.

That plus we'll see how the umployment situtation goes this year.
__________________
bosstones is offline  
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 03:18 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST