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Preview: Comments on: Housing Prices Went Up Too Much Too Quickly

Comments on: Housing Prices Went Up Too Much Too Quickly



Examining the home price boom and its effect on owners, lenders, regulators, real estate agents and the economy as a whole.



Published: Fri, 24 Nov 2017 17:54:02 +0000

 



By: garrison

Fri, 17 Aug 2007 17:49:58 +0000

here is some Key West data of bubble prices paid and current asking prices, http://keywestchronicle.blogspot.com/2007/08/flippers-in-key-west-losing-their.html?ref=patrick.net also a Sannibel Island broker sent emailed me a listing for a 2 br 1.5 bth piling home for 399K, that used to go for at least 600K during the bubble, still needs a 50% haircut, sorry don't have a link as it was an email, but it shouldnt be hard to find on the MLS



By: flatffplan

Thu, 16 Aug 2007 17:49:32 +0000

I'd put Cape Coral FL as #1 in the universe



By: Ol'Bubba

Thu, 16 Aug 2007 02:45:50 +0000

Interesting... Follow the trend- Aug 15 for Sep 30 redemptions, Sep 15 for Oct 31 redemptions, Oct 15 for Nov 30 redemptions, Nov 15 for Dec 31 redemptions. This could become a very, very ugly 4Q 2007. And I thought 3Q 2002 was bad.



By: Douglas Bates

Thu, 16 Aug 2007 02:11:41 +0000

Just think about what will happen to all those empty / foreclosed houses if a hurricane comes through. Imagine the confusion about who owns the place, who repairs it, coordinates it. Neighborhoods will be destroyed for years.



By: Bill in Carolina

Wed, 15 Aug 2007 22:27:39 +0000

You got it. Conventional wisdom says women had to enter the workforce in great numbers in the 1970's because inflation had gotten so bad. The reality is that women entering the workforce, and significantly raising average houshold income, CAUSED THE INFLATION.



By: Barbara

Wed, 15 Aug 2007 21:50:47 +0000

Hi Ben, thanks so much for the blog. I read a lot but don't post. Just made a small donation by mail. Thanks again.



By: In Colorado

Wed, 15 Aug 2007 21:24:11 +0000

And I just read that home sales are up 10% in Wyoming! (no doubt fueled by the oil/nat gas boom).



By: In Colorado

Wed, 15 Aug 2007 21:21:42 +0000

I have never understood why houses cost more in Laramie & Cheyenne than in Fort Collins (the median household income in Ft. Collins is about 25k higher). The only upside I can see to living in SE Wyoming is the lack of a state income tax. Otherwise its a run down version of Colorado.



By: postman

Wed, 15 Aug 2007 20:44:52 +0000

just more blood on the streets of florida in the near future



By: Muggy

Wed, 15 Aug 2007 20:22:36 +0000

“Florida is the ‘canary in the cage,’ according to Jan Hatzius, chief economist at Goldman Sachs.” Yup, and you're the dear in the lamplights Jan.



By: JP

Wed, 15 Aug 2007 20:08:19 +0000

I would have gone with "Third of a Fifth". Has a nice alcoholic ring to it, no?



By: NeilT

Wed, 15 Aug 2007 20:02:18 +0000

I hear somewhere that when they started counting wife's income, the house prices correspendingly increased. So, it would have been better if they considered only one spouse's income, houses would be cheaper!