Predictions

Godfather.
Godfather. Posts: 12,504
edited December 2011 in A Moving Train
the housing market will start to climb back up around sept.2012....so buy now !

Godfather.
Post edited by Unknown User on

Comments

  • he still stands
    he still stands Posts: 2,835
    I agree that if you're going to buy... buy now... but at what rate do you think it will climb?

    personally, I think it is a stupidly risky "investment" idea. You have to lay out hundreds of thousands of dollars of wealth for a potential payback that is probably about the same as any large mutual fund.
    Everything not forbidden is compulsory and eveything not compulsory is forbidden. You are free... free to do what the government says you can do.
  • JonnyPistachio
    JonnyPistachio Florida Posts: 10,219
    Awesome! now maybe my house that is worth 1/3 of what I purchased it for, might come back to its original value by 2037! woohoo!
    Pick up my debut novel here on amazon: Jonny Bails Floatin (in paperback) (also available on Kindle for $2.99)
  • Godfather.
    Godfather. Posts: 12,504
    the mother of all predictions......http://www.foxnews.com/scitech/2011/12/ ... test=faces

    Godfather.
  • Godfather.
    Godfather. Posts: 12,504
    he still stands wrote:
    I agree that if you're going to buy... buy now... but at what rate do you think it will climb?

    personally, I think it is a stupidly risky "investment" idea. You have to lay out hundreds of thousands of dollars of wealth for a potential payback that is probably about the same as any large mutual fund.

    the avarage interest will be as it was in the early to mid 90's,about 6 to 8 % and AA credit may get you a 5.75% interest rate.

    Godfather.
  • Godfather.
    Godfather. Posts: 12,504
    Godfather. wrote:
    he still stands wrote:
    I agree that if you're going to buy... buy now... but at what rate do you think it will climb?

    personally, I think it is a stupidly risky "investment" idea. You have to lay out hundreds of thousands of dollars of wealth for a potential payback that is probably about the same as any large mutual fund.

    the avarage interest will be as it was in the early to mid 90's,about 6 to 8 % and AA credit may get you a 5.75% interest rate.

    Godfather.

    and here we go !!!!
    http://money.cnn.com/2011/12/20/real_es ... ?hpt=hp_t3

    Godfather.
  • know1
    know1 Posts: 6,801
    JonnyPistachio wrote:
    Awesome! now maybe my house that is worth 1/3 of what I purchased it for, might come back to its original value by 2037! woohoo!

    Wow. I bought mine 5 years ago and I believe it's now actually worth a bit more than what I paid.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • cincybearcat
    cincybearcat Posts: 16,889
    The rates need to stay down throughout 2012 please...they can do what they want in 2013. :lol:
    hippiemom = goodness
  • Godfather.
    Godfather. Posts: 12,504
    know1 wrote:
    JonnyPistachio wrote:
    Awesome! now maybe my house that is worth 1/3 of what I purchased it for, might come back to its original value by 2037! woohoo!

    Wow. I bought mine 5 years ago and I believe it's now actually worth a bit more than what I paid.

    I bought in 2005 and I'm just getting to brake even on purches price but lost about $125,000 in resale value so far...

    Godfather.
  • 7RayZ
    7RayZ Posts: 488
    None. The fate lies in the balance of its people.
  • inlet13
    inlet13 Posts: 1,979
    Just to hedge the housing prediction...

    There may be a moderate increase in housing in 2012 (particularly towards the end of the year), but I would not say it will be substantial anytime within the next year (even September). Basically, a huge extended upturn in housing, in my opinion, would be synonymous with impressive sustained economic growth. This won't occur anytime soon, and in fact, there's a lot of risk we could actually fall into recession (as Europe will in the next month or so). But, for arguments sake, let's say we did have substantial economic growth,... the Fed would respond quickly (violating their pledge to keep low rates) and we would see a substantial increase in interest rates. So, that increase in interest rates would curb a huge jump in housing. This is why I can't see a large jump in the housing market happening any time soon.

    Instead, we should be realistic and hope for a slow sustained recovery in housing. Perhaps, this could really start to get going in September, but I doubt it.
    Here's a new demo called "in the fire":

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  • Jason P
    Jason P Posts: 19,327
    7RayZ wrote:
    None. The fate lies in the balance of its people.
    We are truly fucked then. :mrgreen:
    Be Excellent To Each Other
    Party On, Dudes!
  • inlet13
    inlet13 Posts: 1,979
    My prediction:

    The EU will fall into recession within 3-6 months (or they are more than likely already in recession).

    China's growth will continue to slow substantially.

    (the above slowdowns will reverberate throughout the global economy)

    ...this will affect the U.S., which will also fall back into recession, or have growth south of 1% at some point within the next year.
    Here's a new demo called "in the fire":

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  • MayDay Malone
    MayDay Malone Posts: 641
    Jason P wrote:
    7RayZ wrote:
    None. The fate lies in the balance of its people.
    We are truly fucked then. :mrgreen:


    you beat me to it.
  • JonnyPistachio
    JonnyPistachio Florida Posts: 10,219
    We have to catch up with all the foreclosures and short sales too.
    I have a feeling there will be a whole new crop of these coming soon, or a second generation/wave of foreclosures.

    I don't think the banks are even caught up on most of them from the last 2-3 years.
    Pick up my debut novel here on amazon: Jonny Bails Floatin (in paperback) (also available on Kindle for $2.99)
  • inlet13
    inlet13 Posts: 1,979
    JonnyPistachio wrote:
    We have to catch up with all the foreclosures and short sales too.
    I have a feeling there will be a whole new crop of these coming soon, or a second generation/wave of foreclosures.

    I don't think the banks are even caught up on most of them from the last 2-3 years.


    Agreed.
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  • 7RayZ
    7RayZ Posts: 488
    type illuminati backwards in your web browser box with a www. ( and a) .com :twisted:

    look to what you are automatically redirected to

    I thought you were supposed to ass kiss documented bloodlines to Christ.

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