Comments on: August sales down, inventory up.

By: Anonymous

Anonymous — Thu, 07 Sep 2006 08:17:00 +0000

A think a lot of the professionals out there seem to tell where we are headed by looking out the rear view mirror. Hmmm. Reduced demand, increasing supply....but still no dramatic price changes. Yeah, that sounds believable.

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By: ken

ken — Wed, 06 Sep 2006 22:04:00 +0000

Yes, the 'buy now or get priced out forever' thing is stupid, but I can see how even smart people can fall for it - In the short term it can feel like thats what is happening. When you see prices rise over two years beyond an already elevated level you start to wonder if there is any sense to it, maybe prices will keep going up. This same process works in reverse too though - when prices start dropping why jump in early? If your rent is much cheaper than buying why not wait to see how far down prices go. I guess this is why every chart of the housing market shows big peaks and valleys.

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By: bc_cele

bc_cele — Wed, 06 Sep 2006 20:06:00 +0000

Housing markets implode like a building. No first-time buyers means that noone is there to buy the starter homes. This means this people can't move up to the next level, and like a building things come crashing down. Ultimately, it will be the high end that suffers the most in terms of absolute dollars lost. It's amazing that these so-called "professionals" just don't seem to understand this. This is why you have to laugh when you here "buy now, or you'll be priced out forever". This is simply impossible. It makes me want to sent these morons back to grade two so they can learn some basic math.

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