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Possible Real Estate Bubble

lil dickie said: "[url=http://news.yahoo.com/s/latimests/itsnotabubbleuntilitbursts;_ylt=Ah6s6kyxgb5D2rYdh.o2AeCs0NUE;_ylu=X3oDMTA2bm5xNHVjBHNlYwNtcA--]Real Estate Bubble[/url] It's really not too hard to believe considering the appreciation of prices. In California, prices have risen 70% since 2001. What goes up, must go down."

chahinemm said: "housing is one thing that i would say is something that will go on as people need a place to stay and even if you rent the person you are renting from is going to buy it himself and that over time you will realize that its cheaper for you to buy then rent. it might deflate over time as the demand decreases but i agree with the article that we are close to the peak and its something that can go down but i don't see it go down as the .com bubble. i personally would recommen looking in houses in non hot zones and see the prices.. look at their economies and see if there are similarities of potential growth that existed with the hot zone pre growth era. that should definitely spark up some interesting investment opportunities... as im sure there are regions in teh states that are unexploited in the real estate or are just at the bottom of the growth phase. IMO chahine"

bobjitsu said: "[QUOTE=lil dickie][url=http://news.yahoo.com/s/latimests/itsnotabubbleuntilitbursts;_ylt=Ah6s6kyxgb5D2rYdh.o2AeCs0NUE;_ylu=X3oDMTA2bm5xNHVjBHNlYwNtcA--]Real Estate Bubble[/url] It's really not too hard to believe considering the appreciation of prices. In California, prices have risen 70% since 2001. What goes up, must go down.[/QUOTE] Real estate ALWAYS goes up over time but Cali has a different problem. They are being taken over by illegals who are under-educated, under-skilled and don't want to learn the English or adapt to the American way. Cali will completely collapse from illegal immigration, there may even be a small war over it in that state, it may be in a decade or two but it is coming. Cali will be a steaming dog turd when it is all said and done....."

AlfredSokol said: "What's interesting is that people EXPECT a 27% annualized return. That's the same type of thinking people had about stocks in 1999."

The Gaijin said: "I switched from residential to commercial at the end of lasy year to get away from the residential bubbles. We moved into Japanese commercial properties (from Australia) and average returns of 23%. If you're interested in something like that I can get you more info. Email me [email]michael@tggroup.com.au[/email] The Gaijin"

travllr said: "Because of their "eminent domain" decision. But the time is soon coming to short TOL, KB, etc. trav"

HappyHarry said: "There's still a pretty backlog of orders for new homes though. Might be too early to short."

Confidential said: "[QUOTE=lil dickie][url=http://news.yahoo.com/s/latimests/itsnotabubbleuntilitbursts;_ylt=Ah6s6kyxgb5D2rYdh.o2AeCs0NUE;_ylu=X3oDMTA2bm5xNHVjBHNlYwNtcA--]Real Estate Bubble[/url] It's really not too hard to believe considering the appreciation of prices. In California, prices have risen 70% since 2001. What goes up, must go down.[/QUOTE] True, the downturn is just a market correction, if I grossed 70% from 2001 and it dropped 20 or 30 who cares? Especially if I only had 10% of my own money down to secure the property, I just made 60% from OPM!"

HappyHarry said: "You still have to look at the whole housing market historically. It is UP. For a crash to occur, it seems you'd have to have different economic circumstances than we have now."